Independent journal on economy and transport policy
06:08 GMT+1
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To conclusion of the Opa of Fincantieri on Vard the Italian group stops 74.45% of the capital of the Norwegian society
the total of the adhesions does not afford to the Italian company to put into effect the delisting of Vard from the Stock exchange of Singapore
March 27, 2017
Originally established in order 29th December, the date of closing of the period of the public purchase offer started from the navalmeccanico group Fincantieri for the purchase of common stocks of the shipbuilding society Norwegian Vard not already stopped from the Italian group that has been launch 13th November, when Fincantieri stopped 55.63% about of the share capital of the Vard ( on 14 November 2017), after to be postponed four times - before on January 12, 2017, then on 2 February, therefore on 16 February and at last on March 10, 2017, the date is sent back a fifth time on 24 March and friday the Italian company has announced the conclusion of the offer with adhesions pairs to 215.946.242 sets in action object of the offer.
A total of adhesions that however makes useless the primary scope of the Opa launch from Fincantieri, that is the delisting of Vard from the Stock exchange of Singapore, cancellation from the list could have put into effect with the attainment by the Italian group of a advanced participation to 90% of the share capital of Vard.
Instead, to conclusion of the public purchase offer, Fincantieri it has specified that the total of the imprisoned actions of Vard directly or indirectly, controlled or object of agreement of purchase by controlled Fincantieri O&G turns out to be pairs to 878.523.910 sets in action, correspondents to 74.45% of the share capital of Vard.
Fincantieri has specified moreover that the paid equivalent value for the actions object of the offer is pairs to 51,8 million dollars of Singapore (34,3 million euros), while that paying for the actions of Vard acquired on the market near the Stock exchange of Singapore, to clearly of the intermediation costs, of clearing and of the applicable taxes, 969 thousand euros are pairs to 1,5 million dollars of Singapore ().
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Originally established in order 29th December, the date of closing of the period of the public purchase offer started from the navalmeccanico group Fincantieri for the purchase of common stocks of the shipbuilding society Norwegian Vard not already stopped from the Italian group that has been launch 13th November, when Fincantieri stopped 55.63% about of the share capital of the Vard 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
