Norway: Bergen Group Rosenberg Sale Completed

Bergen Group Rosenberg Sale Completed

Bergen Group ASA has now completed the sale of 100% of the shares in Bergen Group Rosenberg to WorleyParsons.

The successful completion is done accordingly to the announcement form February 21st 2013, and the subsidiary is sold for a share value of NOK 1 088 million. WorleyParsons is one of the world’s leading providers of professional services to the resources and energy sectors, and complex process industries.

Bergen Group ASA will now initiate the process of calling the Group’s remaining bond loan of NOK 200 million.

Bergen Group Rosenberg is a well-established supplier of major projects to the Norwegian Continental Shelf. The company has an extensive experience supplying the Norwegian maritime and offshore oil and gas industry with engineering solutions, and has more than 650 employees, of whom more than 230 are engineers. The company has grown considerably during the last years, and is one of the main suppliers of offshore maintenance and modification projects in Norway.

Press Release, March 4, 2013