Green Light for Norwegian OSV Mega Merger

Solstad, Farstad, Deep Sea Supply (DESSC) and Solstad’s relevant subsidiaries have approved and signed statutory merger plans into which Farstad and DESSC will be merged.

As reported earlier, Deep Sea Supply and Farstad Shipping will merge into and be established as individual subsidiaries under Solstad Offshore, with shareholders of Deep Sea Supply and Farstad Shipping receiving shares in Solstad Offshore as consideration.

Following merger completion, Aker Capital, a subsidiary of Aker ASA, will hold 20.1 % of the shares and votes, and Ocean Yield, a subsidiary of Aker, will hold 3.0 % of the shares and votes. Hemen Holding will hold 16.1 % of the shares and votes. The Solstad family will hold approximately 7.2 % of the shares and votes. On a consolidated basis, the Farstad family will hold 1.5 % of the shares and votes.

Technical details on the mergers will be issued separately by the three companies.

Share this article

Follow Subsea World News


<< Aug 2017 >>
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Kuwait Oil & Gas Show

Kuwait Oil & Gas Show is the Kuwait International Fair Ground in Kuwait City, Kuwait. This event showcases product from Chemicals & Dyes, Electronics & Electrical Goods, Hand, Machine & Garden Tools, Petroleum, Oil & Gas, Power & Renewable Energy industries. More info

read more >

SPE Offshore Europe 2017

Attending SPE Offshore Europe, recognised by offshore E&P professionals as Europe’s leading E&P exhibition and conference, will ensure…

read more >

Offshore Site Investigation & Geotechnics Committee 8th International Conference “Smarter Solutions for Future Offshore Developments”

The conference series, which has run since 1979, offers a unique opportunity for geotechnical engineers, geoscientists and academics…

read more >

Oil & Gas Indonesia 2017

Oil & Gas Indonesia (OGI) is an exhibition focused on Oil and Gas Exploration, Production and Refining and showcases the largest exhibition…

read more >