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SGX approves Fincantieri's renewed bid to delist Vard
Published Thu, Apr 5, 2018 · 09:50 PM
Singapore
THE Singapore Exchange has given in-principle approval to the delisting of yard group Vard Holdings, provided this is approved by the group's shareholders, the listed group said before Thursday's market open.
Vard majority shareholder Fincantieri Oil & Gas announced a renewed bid to privatise the yard group in a delisting proposal announced on Nov 13, 2017. Fincantieri Oil & Gas is wholly owned by Italian shipbuilding giant Fincantieri SpA.
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