the Agreement means that the Siem Oilservice Invest Holdings guarantees for new capital equivalent to nok 1 billion and at the same time take control of the majority shareholding in Ålesund-the company equivalent to 50.1 per cent, writes Sunnmørsposten.
Oslo, norway-the investor said at a press conference on Thursday that the head office shall remain in Ålesund.
the First step is to put in place a financing for Farstad through the bad times. Step two is a merging of Farstad Shipping and Siem Offshore, ” he says.
In the solution that is put forward, asking the bondholders to convert the loan of nok 1.4 billion of shares in Farstad.
According to the shipping company supports the biggest banks are
the solution. Some of the banks are being asked to do on certain debt into shares and contribute to a gjeldsløsning that ensures the company out 2021, it goes up by an announcement. (©NTB) 
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