Intention to make a voluntary offer for all Bjørge ASA shares
(Thomson Reuters ONE) - The board of directors of Bjørge ASA has been informed by aconsortium comprising private equity company HitecVision, AkerCapital Fund and Camar that they have an intention to make an offerof NOK 11 per issued share in Bjørge ASA.The board takes the view that this consortium has expertise in theoil and offshore industry which could open for a positive furtherdevelopment of the group.Pursuant to section 6-16 of the Norwegian Securities Trading Act, theboard will decide when the formal bid has been submitted whether torecommend its acceptance to the shareholders. In that connection,Bjørge has engaged Pareto Securities as its financial advisor toconduct an independent valuation of the company and to issue afairness opinion. The board will make a statement on its position ingood time before the offer period terminates, and at least a weekbefore the deadline for acceptance.The consortium is currently conducting legal and financial duediligence of Bjørge ASA, and a formal offer is expected withintwo-four weeks. The offer period will last to November 6. but can beextended by the consortium.Aker Capital Fund and Camar are Bjørge's largest and second-largestshareholders respectively, with holdings of 39.9 and 16.8 per cent.Further information fromToril Nag, director, Bjørge ASA, mobile: +47 93 48 88 88Stig Feyling, CEO, Bjørge ASA, mobile: +47 91 75 71 31Bjørge delivers process and safety-critical equipment and systems aswell as a complete range of services to care for these deliveries ina life-cycle perspective. This focuses attention on optimum operationand reduced life-cycle costs. Bjørge has long experience as asupplier to the oil and gas sector in Norway and in selected marketsinternationally, and represents some of the world's leadingsuppliers. It also makes a substantial commitment to its owntechnology and system integration. Bjørge has 570 employees.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 28.09.2009 - 08:10 Uhr
Sprache: Deutsch
News-ID 6276
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