Norway: New company will buy supply vessels at bargain prices

6.07.2017

Norway: New company will buy supply vessels at bargain prices
E24 Næringsliv - Norway, 06 Jul 2017, online:-
Norwegian financial institute Arctic Securities plans to list a new company, UOS Invest, on the OTC stock exchange and then get it listed on Oslo Børs, or Oslo Axess within 12 months. UOS Invest's business idea is to buy supply vessels that have dropped in value and the company has already purchased 11 AHTS vessels for a total sum of USD 95mn (EUR 83.15mn) from Germany. UOS Invest will collect USD 120mn in equity to finance the vessels, whereas Arctic Securities will collect USD 1bn.
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