Independent journal on economy and transport policy
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the Palfinger Austrian will introduce an offer in order to buy Norwegian TTS
the company quoted to the Stock exchange of Oslo plans and assembles equipments for the marine and offshore section
June 20, 2016
The Palfinger Austrian, group that produces and commercializes systems and means of raising for commercial vehicles and the marine field, will introduce an offer for the acquisition of the entire capital stock of Norwegian TTS, company that she plans, she assembles and commercialized equipments for the marine section and offshore that is realized in subcontracts.
If the procedure of two diligence will have positive outcome, the offer of Palfinger, that it is quoted to the Stock exchange of Vienna, will be defined in agreement with the board of directors of the TTS, than in its turn it is quoted to the Stock exchange of Oslo, and will be based on a value of 5,60 Danish crowns for each action of the TTS, a total of 485 million Norwegian crowns (51 million euros) necessary in order to buy 86,6 million the actions that compose the capital of the TTS.
Palfinger has specified that the offer has the support of 67% about of the shareholders of the TTS, between which the Skeie family, shareholder of reference of the society that stops about 32% of the capital. To the offer course will be given only if the proposal of takeover, that it will be formalized within next the four weeks, is accepted by 90% of the shareholders.
According to the forecasts, the acquisition will be finalized in the last trimester of this year or to more late in January 2017.
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The Palfinger Austrian, group that produces and commercializes systems and means of raising for commercial vehicles and the marine field, will introduce an offer for the acquisition of the entire capital stock of Norwegian TTS, company that she plans, she assembles and commercialized equipments for the marine section and offshore that is realized in subcontracts.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
