Edda Wind plans Oslo IPO
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By Dominic Chopping
Norwegian offshore wind services company Edda Wind ASA on Monday announced its intention to launch a share offering and apply for listing on the Oslo Stock Exchange.
Edda Wind said the initial public offering will include an offering of new shares to raise 875 million Norwegian kroner ($ 102.2 million). The company develops, builds, owns and operates specially designed service operation vessels and commissioning operation vessels for offshore wind farms.
“The IPO will support the company’s position as a leading supplier of specially designed vessels for the offshore wind industry and support the funding of the company’s current new building construction program, as well as facilitate growth. accelerated, âthe company said.
Edda Wind is owned 50-50 by Ostensjo Wind AS and Wilhelmsen New Energy AS.
Three key investors have committed to acquire shares for a total of NOK 465 million as part of the IPO for a price per share of up to NOK 30.75, which is equivalent to a net capital value of 1 NOK 02 billion based on the current number of shares outstanding, the company said.
The top three investors are Geveran Trading Co., a company indirectly controlled by John Fredriksen which has committed NOK 200 million; Xclat Holdings Ltd., a subsidiary of the Quantum Pacific Shipping group associated with Idan Ofer which has committed NOK 200 million; and Nordea Investment Management, which committed NOK 65 million.
Write to Dominic Chopping at [email protected]
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