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Fincantieri ups stake in shipbuilder Vard to 79.69%
Published Tue, Dec 19, 2017 · 09:50 PM
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Singapore
MAINBOARD-listed Vard Holdings announced on Tuesday that majority shareholder Fincantieri SpA has, through a subsidiary, increased its stake in the company to 79.69 per cent, through shares acquired on Dec 18 at S$0.25 apiece.
The acquisition is part of Fincantieri's announcement that it wants to privatise shipbuilder Vard, and brings the Italian company's h…
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