New Owners Will Reorganize Sudmarine Firm

The Dutch company Dietsmann International, through its French subsidiary Dietsmann France A.S., and Claude Miguet, managing director of Paoli S.A. of Marseilles, have each acquired 50 percent of the shares of Sudmarine Enterprises S.A. of Marseilles. This transaction ends a 28-month period of uncertainty about the future of Sudmarine, whose owners, the AMREP Group, has been in liquidation since 1984.

Mr. Miguet and Dietsmann president Peter Kutemann are optimistic about the future of Sudmarine, and will start restructuring the company immediately. Mr. Miguet will be managing director in charge of the marine and engine repair facilities, while Mr. Kutemann will be co-managing director responsible for the international maintenance activities of the company.

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Maritime Reporter Magazine, page 78, Nov 1986

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