Independent journal on economy and transport policy
01:20 GMT+2
Ugland family agrees to take group private
(Financial Times)
December 8, 1999
Transport company valued at £84m
Ugland International, the vehicle shipping and port services group, is set to go private after its biggest shareholder agreed to raise its stake above 50 per cent.
Andreas Ugland, non-executive chairman, has agreed to buy the 12.8 per cent stake owned by Saltchuk Resources, an American shipping company, for 63p a share. ...... Read more on Financial Times
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