Norwegian Offshore Supply Vessels Operator Solstad Offshore ASA to Make Offer

Norwegian offshore supply vessels operator Solstad Offshore ASA announced on Thursday (12 April) that it has completed its purchase of a 41.6% stake in Rem Offshore ASA.

The purchase triggers a mandatory offer for the remaining shares, and Solstad Offshore said that it will make its cash offer of NOK50 per share within the next two weeks.

Solstad Offshore, headquartered in Skudeneshavn, Norway, provides anchor-handling tug supply and construction support vessel operations for the offshore industry. The company operates a fleet of 34 owned and leased vessels, and has additional vessels under construction. The company is listed on the Oslo Stock Exchange and traded under the symbol SOFF.