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Voluntary offer - offer document approved

29.11.2017
Oslo Børs has, in capacity as take-over supervisory authority, approved the voluntary offer set out in the offer document dated 28 November 2017 in respect of: Voluntary offer to acquire all outstanding shares in Solvang ASA made by Unity Invest AS.

Offer price: NOK 30 per share
Offer period: From and including 29 November 2017 to and including 13 December 2017 at 16:30 hours (CET) (subject to extension)

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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