Norway: STX Europe Says Exploring Share Sale of STX OSV

STX Europe Says Exploring Share Sale of STX OSV Holdings

Oslo-based shipbulder STX Europe AS, today issued a statement concerning the recent comments in the media about a potential sale of shares in STX OSV Holdings Limited.

STX Europe AS confirms that we as part of our ordinary course assessment of available strategies are exploring the viability of a sale of shares in STX OSV Holdings, and that we have retained JPMorgan Chase Bank, N.A., Hong Kong Branch and Standard Chartered Securities Korea Limited in connection therewith.”, STX Europe said in a statement.

However, at this juncture STX Europe emphasizes that there is no certainty that a sale of shares in STX OSV Holdings will take place.”, the company added.

STX Europe AS has 6 shipyards in Finland, France and Norway in addition to 9 shipyards belonging to STX OSV Holdings Limited.

[mappress]

LNG World News Staff, January 18, 2012; Image: STX Europe