Yinson Holdings Completes Fred Olsen Acquistion

abarrelfullabarrelfull wrote on 06 Nov 2015 07:27
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On behalf of the Board of Directors of YHB (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that, the settlement of the Offer Price to the FOP’s shareholders who have accepted the Offer has been completed on 20 December 2013. Following the settlement, the Offer has now been completed and YHB owns 102,823,421 FOP Shares, equalling 97.1% of the outstanding FOP Shares and votes in FOP.

Upon the completion of the Offer, YHB intends to initiate a compulsory acquisition of the remaining FOP Shares not owned by YHB in accordance with applicable laws, and to propose that FOP applies for a delisting of FOP Shares from the Oslo Stock Exchange. It is expected that a compulsory acquisition of the remaining FOP Shares will be effected mid-January 2014.

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