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Wilhelmsen becomes majority owner in NorSea Group

Wilhelmsen has entered into a letter of intent with Eidesvik Eiendomsinvest AS and Simon Møkster Eiendom AS to acquire 32 % of the outstanding shares in NorSea Group AS.

Wilhelmsen expects the transaction to take place within a couple of months. Subject agreement between the parties, Wilhelmsen will be the majority owner with 72% of the shares, while Eidesvik and Møkster will hold approximately 12% each. The management in NorSea Group holds the remaining 4%.

Image credit: NorSeaGroup

 

Source: Wilhelmsen

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