You are here

Fincantieri taking Vard private amid adverse O&G market

Tuesday, November 15, 2016 - 05:50

BT_20161115_HHVARD15_2597644.jpg
Vard, one of the largest global shipbuilders of offshore and speciaIised vessels, has reported a third-quarter net loss attributable to equity-holders of 80 million Norwegian kroner (S$13.4 million).

Singapore

THE current adverse oil & gas (O&G) market conditions have strengthened Fincantieri Group's long-held view that it should bring Singapore-listed subsidiary Vard Holdings fully under its fold. The Italian shipping group, which through Fincantieri Oil & Gas S.p.A holds

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom