Printer Friendly

Norwegian Energy Companies Bonheur, Ganger Rolf Close Merger.

MANews-(C)2009-2016

6 May 2016 - Norwegian shipping and energy group Bonheur ASA and wind farm operator Ganger Rolf ASA (OSE: GRO) have closed their merger, the companies said.

Bonheur, currently controlling 62.66 % of the shares in Ganger Rolf, will be the surviving entity in the merger and maintain its listing on the Oslo Stock Exchange.

Under the deal, Ganger Rolf shareholders received 0.8174 Bonheur shares for every one share in Ganger Rolf representing 23.95% ownership of the combined company on a fully diluted basis.

The boards of Bonheur and Ganger Rolf have agreed that each Ganger Rolf shareholder will receive 0.8174 Bonheur share for every one Ganger Rolf share, representing 23.95% of the combined company on a fully diluted basis.

Bonheur and affiliated companies are involved in a number of activities in Norway and internationally.

The investments, which are largely carried out jointly with Ganger Rolf, are mainly related to the following business segments: Offshore drilling, Renewable energy, Shipping, Offshore wind and Cruise.

Country: Norway

Sector: Petroleum/Natural Gas/Coal

Target: Ganger Rolf ASA

Buyer: Bonheur ASA

Vendor:

Deal size in USD: 190m

Type: Corporate Acquisition

Financing: Stock

Status: Closed

Buyer advisor: , ,

Comment:

COPYRIGHT 2016 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:May 6, 2016
Words:199
Previous Article:Rexford Industrial Acquires Four-Building Industrial Complex for USD 7.7m.
Next Article:Connecticut Insurance Department Clears Nassau Reinsurance to Acquire The Phoenix Cos.
Topics:

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |