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Fincantieri ups stake in shipbuilder Vard to 79.69%

Vard announced it will design and build a luxury polar expedition cruise vessel for French cruise company Ponant. The ship will be the very first electric hybrid cruise icebreaker with dual fuel propulsion.


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.


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