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Mandatory offer - offer document approved

05.04.2017
Oslo Børs, in capacity as take-over supervisory authority, has approved offer set out in offer document dated 5 April 2017 in respect of: Mandatory offer to acquire the shares in Solvang ASA made by AS Clipper.


Oslo Børs, in capacity as take-over supervisory authority, has approved offer set out in offer document dated 5 April 2017 in respect of: Mandatory offer to acquire the shares in Solvang ASA made by AS Clipper

Offer price: NOK 25.50 per share
Offer period: From and including 6 April 2017 to 16:30 CET on 4 May 2017
Receiving agent: Fearnley Securities AS

The offer document is available here.


 
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Industry leading provider of LPG and petrochemical tonnage.

The Solvang group has a total fleet of 27 vessels, seven VLGCs, nine LGCs and ten ethane/ethylene carriers, where four are under construction for delivery in 2019. Since 2008, the company and partners have invested more than USD 1.7 billion in new ships, giving a very modern fleet, with an average age of about 7 years. The company's headquarters are in Stavanger on the Norwegian south-west coast, with a commercial and operational team sitting in Oslo, and our own crewing office in Manila.  
 
Our focus is to build, own and manage our fleet in a life cycle perspective, with a 20-25 year investment horizon. We do not use fleet management companies to run our ships - everything is done in-house in Stavanger, Oslo and Manila. To us, proper crew manning and training are essential factors and we're proud of our track record, having zero LTI (Lost Time Incident) frequency and outstanding vetting results.


Our main goals are: 
  • Be the preferred carrier of LPG and pet.chem world wide
  • To have happy, motivated and proactive employees
  • Be profitable (long term)
  • Be a CSR leading company

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