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How Bhagwan Marine’s $130M Riverside Deal Could Reshape Its Future
7:04pm on Tuesday 31st of March, 2026 AEDT
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Marine Services
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How Bhagwan Marine’s $130M Riverside Deal Could Reshape Its Future
7:04pm on Tuesday 31st of March, 2026 AEDT
Key Points
Acquisition of Riverside Marine completed for up to $130 million enterprise value
Initial payment of $100 million cash plus 48.8 million shares issued under escrow
Funding through $30 million equity raise and $70 million three-year debt facility
Earn-out of up to $10 million linked to Riverside’s FY26 EBITDA performance
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BHAGWAN MARINE (ASX:BWN)
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