The Business Times
business-time-50

Fincantieri's privatisation offer of Vard Holdings declared unconditional

Published Thu, Jan 12, 2017 · 05:55 AM

    VARD Holdings said on Thursday that the voluntary conditional cash offer from Fincantieri Oil & Gas to buy out the remaining equity that it does not hold in Vard has been declared unconditional.

    Fincantieri has obtained consent from the Securities Industry Council to reduce the acceptance condition to a level of more than 50 per cent.

    The closing date for the offer has also been extended from 5.30 pm on Thursday to 5.30 pm on Feb 2 or later as may be announced.

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Acting Minister for Manpower Jasmin Lau has reminded employers of their legal obligations to protect workers from the haze.

    Singapore identifies 7 firms responsible for haze fires, notices issued urging action: Grace Fu

    Robots for various purposes from caregiving to making coffee on display at the Shanghai Humanoid Robot Innovation Incubator.

    ‘How many will survive?’: Bubble fears arise as China’s humanoid robotics face reality check

    Nicholas Tan, Bank Jago’s retail banking director, says the lender wants to retain customers by providing broader financial services and increasing engagement.

    GIC-backed Bank Jago sees wealth management as next growth engine as Indonesian investor base grows

    Many older adults earn too much to qualify for subsidised care but cannot sustain the private-pay tiers, especially over the long term.

    Ageing in Asia: Huge potential for the consumer economy

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More