Dockwise approves rights issue to finance proposed acquisition of Fairstar

Company News - May 10, 2012

| More

Referring to an announcement by Dockwise Ltd on 22 April 2012, regarding the acquisition of shares in Fairstar Heavy Transport NV, and a notice of 23 April 2012 for the Annual General Meeting of Shareholders to authorize the proposed rights issue to part-finance the acquisition, Dokwise says that, upon approval of the Rights Issue, the share purchase agreement with Oceanus for 26 per cent of the shares in Fairstar has now become unconditional and ownership by Dockwise in Fairstar has increased to about 54 per cent.

Dockwise said the agreement with Oceanus will be completed in the next few days and that it will prepare an offer document for a (mandatory) public offer for the remaining approximately 46 per cent shares in Fairstar at an offer price of NKr 9.30 per share.

Dockwise expects to make the public offer on or around 15 May 2012. 


More articles from this category

More news


Product Guide

News Letter

Fill in your name, company and e-mail address below for our bi-weekly newsletter.



Powered by MARIS.

Subscribe to Offshore Shipping News Online RSS

Follow Offshore Shipping News Online on Twitter

Subscribe to email updates




FPSO Integrity Management and Life Extension
24-25 November 2014
United kingdom, London.

Design and Operation of OSVs for Ice and Cold Climates
24-25 November 2014
United kingdom, London.

OSV Chartering Contract Management Africa
24-25 November 2014
South africa, Cape Town.

Subsea and OSV Africa
26-27 November 2014
South africa, Cape Town.

FPSO Training Course Paris
01-03 December 2014
France, Paris.

More events