Norway: Wilh. Wilhelmsen Holding to increase shareholding in NorSea Group

20.09.2017

Norway: Wilh. Wilhelmsen Holding to increase shareholding in NorSea Group
Hegnar Online, 20 Sep 2017, online:-
Norway-based shipping company Wilh. Wilhelmsen Holding will increase its stake in marine services provider NorSea Group from 40% to 72% by 26 September 2017 following an approval from the Norwegian Competition Authority (Konkurransetilsynet). Wilh. Wilhelmsen Holding will pay NOK 545mn (EUR 58.12mn USD 69.43mn) for the stake. Thomas Wilhelmsen, CEO of Wilh. Wilhelmsen Holding, stated that the holding will provide a wider access to the oil and gas market as well as offshore wind power market.
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