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

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 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

European Gas Conference 2018

The European Gas Conference celebrated its tenth anniversary amid an air of increasing optimism following considerably shifting markets in the last few years…

read more >

Future Energy Asia Exhibition & Conference (FEA) 2018

The transformation and development of Thailand is a major priority for the government which creates incredible business opportunities…

read more >

The World Future Energy Summit (WFES) 2018

WFES will also hold its annual conference, which sees international government and business experts come together to discuss critical global…

read more >

HYPACK 2018

This training event will offer instruction on the newest features of HYPACK® 2018 as well as comprehensive training for both novice…

read more >