Bergen Group Sells off Shipbuilding Shares
Bergen Group ASA announced it has signed an agreement with Calexco S.a.r.l. regarding sale of the remaining 30 % shares in NorYards AS for a price of $4 million. The completion of the transaction is expected to take place by end of August 2014, thus facilitating the group’s departure from its shipbuilding interests. The sale of the minority ownership in NorYards AS (former Bergen Group's Shipbuilding Division) will generate an accounting loss to be incorporated in the Bergen Group’s figures for Q2 2014, the company said.
Norwegian Group Sells Two Projects to Speed Shipbuilding Pull Out
Bergen Group says it has decided to accelerate the process of reducing its involvement in the shipbuilding business in favor of a more dedicated focus on offshore related activities. As a part of this process, Bergen explains it has entered into an agreement to sell two of the remaining shipbuilding projects to the shipyard group Kleven located in Sunnmøre, Norway. The sale will release approximately NOK 80-90 million in already invested working capital in these two projects.
Norway's Bergen Group Appoint CFO
Henning Nordgulen has been appointed Chief Financial Officer (CFO) of shipbuilders & offshore service providers Bergen Group ASA. Bergen CEO Asle Solheim said he was very pleased that Nordgulen had accepted the engagement: “Mr. Nordgulen has a comprehensive background from leading positions in finance, shipping and industry. Henning Nordgulen (48) has for the last seven years been Director of the corporate division and a member of the corporate management team in Sparebanken Vest.
