Wilhelmsen in Majority Shareholder in NorSea Group
Friday 22 September 2017
With effect from 26th September 2017, Wilhelmsen increases its shareholding in NorSea Group from 40 % to approximately 72 %. Eidesvik Eiendomsinvest AS and Simon Møkster Eiendom AS will hold approximately 12 % each, while management in NorSea Group controls the remaining 4 %. Following the transaction, Wilhelmsen will buy a small portion of management controlled shares.
“We have had an exposure towards the oil and gas industry since we bought a share of NorSea Group in 2012. With an ambition of being a long-term and active player in primarily this industry, but also the offshore wind industry, we look forward to develop NorSea Group further,” says Thomas Wilhelmsen, group CEO at Wilhelmsen.
Wilhelmsen originally acquired 35.4% of the shares in NorSea Group in July 2012, and increased to 40% ownership in April 2014.
“It is with great pleasure we are announcing that Wilhelmsen now has increased its shareholding in NorSea Group. With our core competence and Wilhelmsen’s global network and 156 years of experience and expertise, we see interesting opportunities ahead to the benefit of customers, suppliers and those of us who make up NorSea Group,” says John Stangeland, CEO in NorSea Group.