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    Topaz secures $75M investment from SCPE

    Oman's Renaissance Services says that its unit Topaz Energy and Marine has secured a $75 million investment from Standard Chartered Private Equity (SCPE), according to Reuters.

    SCPE will inject the equity in return for a 9.8% stake in the business, and the funds will be used to expand Topaz's fleet and develop its business.

    Reuters noted that the transaction is expected to close in the fourth quarter of this year.

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