Independent journal on economy and transport policy
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Viking confirmation the order to the Vard for the construction of two cruise ships
The assembly of the navalmeccanica society has approved of the delisting voluntary from the Stock exchange of Singapore
July 25, 2018
The American company Viking has confirmed the order to the shipbuilding society Vard of the Fincantieri group for the construction of two cruise ships, for which last April a letter of attempts had been undersigned(on 4 April 2018). Vard has specified that the total value of the store clerk is of about five billions of Norwegian crowns (522 million euros).
While yesterday the extraordinary assembly of Vard has approved of delisting voluntary of the society from Main the Board of the Singapore the Exchange Securities Trading Limited. The Fincantieri group, than currently through the society integrally controlled Fincantieri Oil & Gas Spa stops or controls actions or in existence has agreements for the purchase of actions pairs to about 87.1% of the share capital of the Vard, has specified that, "since the delisting debitamente it is approved of, are satisfied the conditions for the supply and demand by Global Citigroup Markets Singapore Pte. Ltd., in name and on behalf of Fincantieri Oil & Gas Spa, for all the common stocks of Vard, not already stopped and controlled by, or subject to agreement for the purchase by same Fincantieri O&G, its connected and their representatives (Exit Offer). The Exit Offer has become and is declared unconditioned in all the aspects. The Exit Offer will remain opened for the acceptance until the 17:30 (hour of Singapore) of the day 8 August 2018 or until a next date that will be announced from time to time in name and on behalf of Fincantieri O&G. Based on the Exit Offer, Fincantieri O&G will cash offer to the shareholders of Vard 0,25 dollars of Singapore for every action delivered in acceptance of the offer, for the maximum expenditure, to the date on July 24, 2018, of 48 million dollars of Singapore (pairs to about 30,1 million euros to the current change) in case of full adhesion. The offer will be financed through resources financial institutions available".
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The American company Viking has confirmed the order to the shipbuilding society Vard of the Fincantieri group for the construction of two cruise ships, for which last April a letter of attempts had been undersigned
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
