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    Kvaerner postpones Aker Yards share sale

    News // May 28, 2004
    Kvaerner has applied to the Oslo Stock Exchange (OSE) to postpone the implementation of its planned sale of shares in Aker Yards.

    With the shipbuilding group close to being listed, exemption is being sought from the OSE rule that at least 25 per cent of the shares in a listed company must be freely tradable.

    "The stock market is weak and many investors are uncertain", explains Lone Fønss Schrøder, chairman of Kværner ASA. "As long as we have no need to free up capital, we want to retain the shares for the present."

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