The Board of Directors in Solvang ASA recommends the voluntary offer made by Unity Invest AS.
Enclosed is the statement according to the Norwegian Securities Trading Act § 6-16 from the Board of Directors in Solvang ASA on the voluntary offer made by Unity Invest AS for the shares in Solvang ASA. The board of Solvang ASA is of the opinion that the offer price of NOK 30 per share represents a fair value for all shares in Solvang ASA. Enclosed is also a Fairness Opinion made by Pareto Securities dated 1st of December 2017.
Statement on volentary offer November 2017
Pareto Fairness letter
Making Heavy Fuel Oil Clean
Exhaust gas recirculation (EGR) combined with previous measures reduces NOx emissions from heavy fuel oil by up to 80 % in a typical LPG tanker. The concept is a potential game changer for Norwegian domestic shipping.
The greenest and most fuel efficient VLGC ever
Solvang’s new-builds (84k cbm) at Hyundai Heavy Industries are two of the most fuel efficient LPG carriers ever built, in addition they are some of the world’s largest ships for transporting liquefied petroleum gas.