Dockwise Increases Holding in Fairstar (The Netherlands)

Dockwise Ltd, The Netherlands-based  marine transport specialist has announced that following purchases in the market yesterday it has now acquired 95% of the shares of Fairstar Heavy Transport N.V.

The announcement comes only a week after Dockwise announced it had acquired approximately 10.2% in its Rotterdam-based compatriot and rival Fairstar, increasing its holdings from 83.4% to 93.63%. Shares were bought from ODIN and certain other shareholders.

To remind, on May 15, 2012, Dockwise launched a mandatory offer for all the issued and outstanding shares of Fairstar Heavy Transport N.V. at a price of NOK 9.30 per Fairstar share.

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Offshore Energy Today Staff, July 11, 2012; Image: Fairstar