Independent journal on economy and transport policy
14:47 GMT+1
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the Maersk group sells the ESVAGT, salvage company and assistance for the offshore industry
The entire capital will be yielded to 3i infrastructure and AMP Capital for about 610 million dollars
July 7, 2015
Shipowning group Danish A.P. Møller-Mærsk has signed an agreement in order to yield the ESVAGT, company that work marine services of rescue and support mainly for the field of the offshore industry, to the investment trusts 3i infrastructure and AMP Capital.
ESVAGT is constituted in 1981 by the ESE-Holding Danish and in 1991 the Maersk group has acquired 50% of the capital in order then to increase own quota to 75% in 1998, while remaining 25% have remained to ESE-Holding. Now the entire capital stock of the ESVAGT will be sold for 4,1 billion Danish crowns (610 million dollars). The transaction will have to be authorized from the EU commission and, second the forecasts, will be capacity to term within the end of the next september.
Trond Westlie, financial director of the Maersk group and president of the ESVAGT, have explained that the cession is in the best interest in the long term of the ESVAGT "since does not take part of Core business of the Maersk group".
"ESVAGT - it has asserted Kent Kirk, cofondatore of the ESVAGT and shareholder of ESE-Holding - is founded in 1981 with the scope to reduce unemployment in the field of the peach. Many employee characterizing, are current that in service previously, they are employed by the society and we are happy for being been able to offer a career on the sea to a large number of young people. With almost 25 years of collaboration with the Maersk group - it has added Kirk - it means that today ESVAGT is leader of the field for that it regards safety in sea. We are pleased that with the cession to 3i infrastructure and AMP Capital we have found a group of shareholders whom they will in the long term invest in the perspectives".
ESVAGT, that it has center to Esbjerg in Denmark, currently has beyond 900 dependent and a fleet constituted from 43 ships, included a Service Operation Vessel (SOV) of new construction that will be taken in delivery the next year and a Crew Change Vessel (CCV) of new construction that will enter to take part of the fleet in 2017. The fleet of the ESVAGT is employed mainly in the Sea of the North and the Barents Sea. In the 2014 company it has recorded a turnover of 943,2 million Danish crowns and a profit of clearly 252,3 million Danish crowns.
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Shipowning group Danish A.P. Møller-Mærsk has signed an agreement in order to yield the ESVAGT, company that work marine services of rescue and support mainly for the field of the offshore industry, to the investment trusts 3i infrastructure and AMP Capital.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
