Aker Maritime To Forego Kvaerner General Assembly

Monday, September 25, 2000
Norwegian oil and gas services group Aker Maritime said on Monday that it would not attend Kvaerner extraordinary general assembly on September 29. Aker Maritime has shares and options to buy shares totaling about 26 percent in Kvaerner, but it is not a major shareholder until it exercises the right to buy Kvaerner shares.

"Aker Maritime will not be a (major) shareholder (by September 29) and will therefore not participate in the extraordinary general assembly on September 29," it said in a statement. Anglo-Norwegian industry group Kvaerner has proposed to lower the threshold for mandatory offers to 30 percent from 40, which would prevent Aker Maritime from raising its stake without bidding for the rest of the company. The proposal will be voted on at the general assembly meeting. Aker Maritime said it regarded the proposal as a way to "work against and throw suspicion on Aker Maritime's plans.

As part of a bid to avoid a complicated ownership dilemma, Kvaerner has also offered 0.79 new Kvaerner share for every Aker Maritime share.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Coast Guard Foundation to Honor USCG in Miami

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

Maritime Broadband Opens Office in Greece

Maritime Broadband has expanded its worldwide footprint by opening an office, Maritime Broadband Hellas, in Athens, Greece. The new office addresses the growing

Renewable Energy: Schottel Tidal Turbines Ready For Use

In the last months Schottel  successfully tested its hydrokinetic turbines in Strangford Lough, Northern Ireland. The full-scale tests included 260 operating hours under realistic conditions.

Offshore

Renewable Energy: Schottel Tidal Turbines Ready For Use

In the last months Schottel  successfully tested its hydrokinetic turbines in Strangford Lough, Northern Ireland. The full-scale tests included 260 operating hours under realistic conditions.

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

Statoil: New Oil in the Grane Area

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.   Well 25/8-18 S, drilled by the rig Transocean Leader,

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1510 sec (7 req/sec)