Corporate digest

Vard Holdings

FINCANTIERI Oil & Gas has extended its offer for shipbuilder Vard Holdings to the business close of Aug 8 after shareholders of the target approved a delisting, according to SGX filings on Wednesday morning.

Fincantieri, whose 25 Singapore cents per Vard share offer is now unconditional, controlled 87.06 per cent of the company as at 5pm on Tuesday. The delisting is estimated to take place about two to three weeks after the offer closes.

Noble Group

A LAWSUIT that is seeking damages of more than US$20 million from a subsidiary of Noble Group has been filed in the District Court of South Jakarta by PT Alhasanie, which is a subsidiary of PT Atlas Resources Tbk. The lawsuit is against both Noble's unit, PT Pinang Coal Indonesia (PCI), and PT McMahon Mining Serv…