Independent journal on economy and transport policy
12:30 GMT+1
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Wärtsilä advances a proposal of takeover on the British Hamworthy
It piles to a value of 383 million pounds
November 22, 2011
The Finnish group Wärtsilä Corporation has reached an agreement with the board of directors of the British Hamworthy plc, society of engineering specialized in the fields marine, oil and gasiero, based on which the Board of the English company will recommend to the shareholders the acceptance of an offer of Wärtsilä for the acquisition of the entire capital of the Hamworthy, transaction that - second the forecasts - could be capacity to term within the first trimester of the next year.
Hamworthy, that it has center to Poole and offices and plants in other resorts of United Kingdom and Norway, Denmark, Germany, Singapore and China, appoints to a job some 1.150 people. The offer previews that the shareholders of Hamworthy receive 825 cash pence for each action in they possession, figure that assigns to a value to all the issued shares and of new issue of the society pairs to about 383 million pounds (443 million euros).
The managing director of Wärtsilä Corporation, Björn Rosengren, has emphasized that its group depends on the opportunities of increase of the markets in which work the British company: "joining our forces with Hamworthy - it has explained - we will be able to offer to the customers a pocketbook wider than produced and efficient, reliable and echo-sustainable systems".
"The Board - Gordon Page has declared, not-executive chairman of Hamworthy - considers that this is an offer of interest for the shareholders of Hamworthy that reflects the solidity of the total position of Hamworthy and its perspectives of increase. Hamworthy is an innovative society of total engineering that it offers produced, systems and services to high technology for the fields marine, oil and gas. The union with Wärtsilä constitutes a strategic operation and Wärtsilä has been engaged to supply stability and opportunity to ours employee in the within of the Wärtsilä group and the continuous development of the wide offered to producing and services of Hamworthy for the customers of Hamworthy".
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The Finnish group Wärtsilä Corporation has reached an agreement with the board of directors of the British Hamworthy plc, society of engineering specialized in the fields marine, oil and gasiero, based on which the Board of the English company will recommend to the shareholders the acceptance of an offer of Wärtsilä for the acquisition of the entire capital of the Hamworthy, transaction that - second the forecasts - could be capacity to term within the first trimester of the next year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
