Havyard ready to go public

Havyard, a Norwegian provider of offshore ship design, shipbuilding technology, ship equipment and systems and services to the international oil and gas industry, today filed for listing on the Oslo stock exchange.

According to information from the stock exchange, Oslo Børs has received a request for admission to trading from Havyard Group ASA on Oslo Børs, alternatively Oslo Axess.

Havyard yesterday revealed it planned to collect 100 M NOK in a private placement before the public listing in order to support further growth.  The coming weekend, CEO Geir Johan Bakke and a team of employees and advisors will start a sales tour to USA and Britain for meetings with investor groups.

Also, the company yesterday elected Bård Mikkelsen, former CEO of Statkraft, as new Chairman of the Board.