Farstd Shipping ASA and a company in the Siem Industries has entered into a non-binding letter of intent in connection with the financial restructuring of Farstad Shipping ASA, where the Siem or a fund managed by Siem, will be hovedinvestor, called it in a message sent out Friday afternoon.
according to the memorandum of understanding, continues Farstad Shipping ASA Siem discussions with key stakeholders related to the Farstad group, with the aim of establishing a solid financial platform for the continued operation of Farstad Shipping ASA, called further in the message.
It has long been known that Farstad has been interested in entering into partnership with a heavy player as the Siem, and in the summer, it was also clear that Kristian Siem has formed a fund of just over 2 billion to contribute to the consolidation in the market for offshore vessels. It said the fund is formed together hedgefondet Elliot
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