Monday, January 16, 2017

– I hope Farstad come well out of it – Today’s Business

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But about the solution for Farstad Shipping is with Aker or some other, it will not Leif-Arne Langøy have some opinion about.

the Article is added to your reading list.

Farstad Shipping reported on Monday that Leif-Arne Langøy withdraws from the board of directors, with immediate effect.

– Why do you draw yourself?

Point one, there is absolutely no disagreement between me and the board of directors or the rest of the company. It is 100 per cent safe, ” says Leif-Arne Langøy to Today’s Business.

He sat in the Farstad-the board of directors since 2013, but has been declared incompetent since last summer. Langøys relation to the Aker system has created challenges for offshorerederiet Farstad, who is in tough negotiations about the refinancing of the company.

Point two. It is true that I have been incompetent, that I haven’t been able to participate in the treatment of refinancing and any kapitalinnhenting in the company since the early summer of last year. Over time doing it that I’m not participating in it which is the most significant for the company for the time being, and as a board member, it becomes an impossibility over time to pursue the responsibility one has and what one should bring to the company, ” says Langøy.

He points to the fact that the company is now also entering a phase in which the financial statements shall be approved.

– Then it is wrong of me to still be a director. So simple, it is in the reason, says Langøy.

Aker-veteran

He is one of the veterans in the Aker system. He has been commander of the shipyard, Aker Brattvåg, Aker Yards and Aker. After that he went off as the Aker-chief in 2009, he has held several directorships in the system. Today he is the chairman of the board in Kvaerner and member of the board of Røkke toppselskap The Resource Group (TRG).

He is also becoming a shareholder in Røkke private company TRG Holding, which owns 67 percent of Aker.

Siem played out, path clear for Røkke

Offshorerederiet Farstad is in serious crisis as a result of the sales have plummeted during the oil crisis. The company has for some time attempted to put in place a solution about refinancing, but 5. January stranded the most tangible attempt. When challenged, he held that the conversations between the board of directors of Farstad Shipping and Siem-group of a financial redningsplan was completed.

see also: Farstad dropper rescue attempt with Siem

the DNs commentator Thor Christian Jensen wrote 5. January that the door was again opened for that Kjell Inge Røkke, Aker asa and Solstad Offshore to take over the crisis-hit Ålesund-the shipping company. Solstad Offshore is the vehicle for Aker and the main shareholder Kjell Inge Røkke plans for a consolidation of the Norwegian supplynæring. Rem Offshore was swallowed up in the last year, and since have been waiting on the new rumblings from Solstad.

We are many people who take your withdrawal from the board of directors as an exciting notice that the Aker system has become more central in the Farstad-negotiations?

  • Offshorerederiet Farstad Shipping is in crisis after revenue plummeted in the oil crisis.
  • 24. november launched the financier Kristian Siem a rescue package where his Siem Oilservice Invest should guarantee for a billion in new equity and take to 50.1 per cent ownership in the company.
  • Redningsplanen was abandoned 5. January after opposition from creditors who would not do innrømmelsene they were asked.
  • the Company has betalingsutsettelse out January. The company had 12,6 billion in debt, 3.4 billion in equity and a net loss of 1.2 billion for the third quarter of 2016.

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I have no knowledge about. Absolutely no knowledge at all, ” says Langøy.

– It is an interpretation that I don’t know anything about, in that case, he stresses.

– You had revealed that you had not been completely pulled out of the process if you said that it had something got to do with this?

It has certainly nothing to do with it, from my side, ” says Langøy.

– What opportunities do you see for Farstad? With Aker or the other?

– so I have no idea. I have no comment to neither the one or the other solution for Farstad. It is a great company that I hope will come well out of it, ” says Langøy to DN.

Want to keep in touch with Sverre Farstad

Chairman of the board Sverre Farstad said to DN earlier on Monday that He that has been a good board member.

But I understand him. When you have been incompetent for as long as he has done, it is not something nice to sit on a board of directors, said Farstad.

Farstad also said that he would like to keep in touch with the Langøy, except the board of directors.

I consider Leif-Arne to be a knowledgeable person, and I want to keep in touch with him, ” said Farstad to DN.

– you Will keep in touch with Sverre Farstad?

– Yes, yes, clearly.

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