Independent journal on economy and transport policy
18:38 GMT+1
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the Vard group acquires almost the totality of the capital of the Brazilian ship yard Vard Promar
a quota stopped 49.5% from the PJMR Empreendimentos
August 5, 2016
Acquired
the Norwegian Vard Holdings Ltd., that it is controlled by the navalmeccanico group Italian Fincantieri, has acquired almost the totality of the share capital of the Brazilian ship yard Vard Promar, than it mainly takes care of the construction of ships and means for the offshore industry.
Vard, than previously stopped 50.5% of the capital of Vard Promar, in fact has bought a quota 49.5% of the capital of the society stopped from Brazilian PJMR Empreendimentos Ltda., elevating therefore own participation to 95.15%.
the Vard group has explained that, as a result of the cessation of the operations in the yard Vard Niterói in the course of according to trimester of this year determined from the contraction of the activity, will concentrate all own carried out activities of shipbuilding in Brazil in the yard Vard Promar, that is situated in the industrial area of Suape, in the State of Pernambuco.
the yard Vard Promar, that it is constructed between 2011 and 2013, up to now has realized a ship for gas of liquified oil for the Transpetro and of it is completing second a destined one to the same company. Moreover in the pocketbook orders of the plant there are two Pipelay Support Vessel (PLSV) on behalf of joint venture between DOF and Technip.
Vard has clarified moreover that the increase of the participation in Vard Promar is consequence of the necessity for the Brazilian yard to obtain resources financial institutions during the phase of start of the activity, necessity that is satisfied through a financing from the associates and with a capital increase that, not being is undersigned from the minority associates, is realized entirely by the Vard group through the conversion of the financings in actions of new issue without some fee in money. Moreover Vard has announced that with PJMR options of put & the remaining call for quota 4.85% are agreed anchor of property of the PJMR.
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the Norwegian Vard Holdings Ltd., that it is controlled by the navalmeccanico group Italian Fincantieri, has acquired almost the totality of the share capital of the Brazilian ship yard Vard Promar, than it mainly takes care of the construction of ships and means for the offshore industry.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
