ABERDEEN-based Fletcher Shipping has received £8 million from the state-backed Scottish Loan Fund and Royal Bank of Scotland to fund the acquisition of a third vessel for use in the offshore oil and gas industry.
Maven Capital Partners, which manages the Scottish Investment Bank fund, said it has provided Fletcher Shipping with £4m upfront with an option to drawdown a further £1m to part-fund the purchase. Part-nationalised RBS gave the rest.
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