Quebec-, Canada’s Davie Yards will be allowed to list on the Oslo Axess stock exchange, Norway’s “early bird” burse, provided it plan to rais at least $50 million.
The parent Oslo bourse’s strictures also rounded on the number of shareholders and stipulated a outer date for listing of 9 November 2007.
Davie Yards’ new Norwegian owners have delivered a string of orders for the Nordic country’s offshore fleets.
Holding company Davie AS is now a Norwegian-based entity, and a coterie of other Norway-based financeers fill-out Davie’s ownership.
ws@scandoil.com
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