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19 October 2018 The on-line newspaper devoted to the world of transports 17:13 GMT+2

November 13, 2017

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Fincantieri starts the procedure for the delisting of Vard from the Stock exchange of Singapore

The Italian company will offer until 38,5 million euros about in order acquiring 21% of the capital not in its possession

Fincantieri has started the procedure in order to reach the escape of the controlled Vard from the Stock exchange of Singapore, delisting that the Italian navalmeccanico group had announced to have the intention of carry out a year already makes the action of the presentation of the offer in order to acquire the entire capital of the Vard Norwegian.

Today Fincantieri has announced that own branch Fincantieri Oil & Gas has introduced to the Vard a proposal for the delisting voluntary, proposal that is estimated and approve of by the board of directors of the Norwegian company that has decided to start the relative procedure near the Stock exchange of Singapore.

Fincantieri Oil & Gas, than currently stop 936 million actions of the Vard pairs to 79.34% of the capital of the society, will advance an offer in order to acquire the being remained quota the capital not still in its possession, offer based on near of 0,25 dollars of Singapore for each of the almost 244 million one set in action not stopped from Fincantieri O&G for a value total until to a maximum almost 61 million dollars of Singapore (38,5 million euros).

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