Independent journal on economy and transport policy
17:54 GMT+1
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Fincantieri nozzle an offer in order to acquire the entire capital of Vard
Scope of the initiative is the delisting from the Stock exchange of Singapore
November 14, 2016
The navalmeccanico group Italian Fincantieri, through the branch Fincantieri Oil & Gas, has introduced near the Stock exchange of Singapore an offer in order to not still acquire the capital stock of the Norwegian Vard Holdings in possession of the Italian company. Draft altogether of 523 million is set in action pairs to 44.37% of the capital of the Norwegian society of shipbuilding, of which currently Fincantieri O&G it stops 55.63% approximately ( on 14 March 2013).
Fincantieri has announced that scope of the offer, that is conditioned to the obtaining of the property of beyond 90% of the capital of the Norwegian society, is to put into effect the delisting of Vard.
The offer is based on a unit price of 0,24 dollars per.share, for the maximum total value of 125,6 million dollars of Singapore (about 82 million euros).
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The navalmeccanico group Italian Fincantieri, through the branch Fincantieri Oil & Gas, has introduced near the Stock exchange of Singapore an offer in order to not still acquire the capital stock of the Norwegian Vard Holdings in possession of the Italian company. Draft altogether of 523 million is set in action pairs to 44.37% of the capital of the Norwegian society of shipbuilding, of which currently Fincantieri O&G it stops 55.63% approximately 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
