Bergen Group ASA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
JSV Zaliv Shipyard to Acquire 51% of Shares in Bergen Group ASA's Shipbuilding Division
Bergen Group ASA announced that the Company has entered into a Share Purchase Agreement for the group's Shipbuilding Division with JSV Zaliv Shipyard, Ukraine (Zaliv), a hull construction shipyard. For a purchase price of USD 18.2 million, Zaliv will acquire 51% of the shares in a newly incorporated company which will own all of Bergen Group's shipbuilding assets, other than existing projects, which will remain with Bergen Group. Completion of the transaction is contingent upon i.a. different consensus from third parties, anti-trust approvals and other customary closing conditions. Completion is expected to take place before year end 2013. On completion of the transaction the two shareholders will contribute in aggregate NOK 50 million in working capital to the new Company ensuring a sound capital base for further expansion. Fearnley Securities has acted as financial advisor for Bergen Group in the transaction.
Latest Developments for Bergen Group ASA
Latest Key Developments in Heavy
- Guangdong Macro Co Ltd to sell stake in Guangzhou-based company
- Keppel Corporation Ltd appoints CEO-designate Loh Chin Hua to board
- China Rongsheng Heavy Industries Group Holdings Ltd issues on FY 2013 earnings guidance
- Alstom SA appointed main contractor by Swiss Railways for the supply of the Hurlistein substation
- Share this
- Digg this