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Italy’s Fincantieri increases stake in Vard to 91.91%

Milan, Italy (PortSEurope) August 8, 2018 – Norwegian shipbuilding company Vard has said that the shares of the company held by Italy’s Fincantieri Oil & Gas Spa reached a total of over 1.08 billion, equal to about 91.91% of its total share capital.

The percentage of shares in the hands of other shareholders fell below 10%. The offer launched by Fincantieri for the acquisition of the entire capital of Vard is in progress together with the procedure for the delisting of the company from the Singapore Stock Exchange, a market in which the stock will be present until August 10.

Source: InforMare

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