Fosen Yards to become a part of Bergen Group

Published: 30.04.2008

A Letter of Intent has been signed between the majority shareholder in Bergen Group, Magnus Stangeland, and the shareholders in Fosen Holding, concerning acquisition of 100 percent of the shares in Fosen Holding. The purchase price is fixed at NOK 200 million. The transaction, which will be a part of Bergen Group’s announced listing on Oslo Børs, implies that the Fosen Yards will become a part of Bergen Group.

- The yards will become part of Bergen Group’s initiatives within special-purpose vessels for the offshore sector and other offshore installations, says CEO Roger Simmenes, who also states that the company want to utilise the presence in the Trøndelag county to develop a design company for offshore/special-purpose vessels as well as an offshore/engineering department in the well-reputed technology competence environment in Trondheim.

For the full press release from Bergen Group, please use trhe enclosed link: Press release