REM-Solstad Merger Gets Shareholders Nod

A merger plan regarding the merger of REM with Solship Invest 1 AS, was approved by Solstad Offshore and Rem Offshore at yesterday’s extraordinary general meetings.

The merger will be completed as a statutory triangular merger, whereby Solship Invest will be the surviving company, against issuance of consideration shares in Solstad Offshore.

As announced earlier, REM and Solstad combined will operate a total of 62 vessels. After the merger, Solstad will retain its Skudeneshavn head office, from which the combined fleet of CSV vessels will be operated.

The combined fleet of PSV vessels will be operated from the current REM head office in Fosnavåg.

It is expected that the merger will become effective on or about November 24, 2016.

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