Wilhelmsen boosts stake in ro/ro owner
Wilhelmsen Lines Shipowning, a subsidiary of Wilh. Wilhelmsen, said it has purchased 2.39 million shares in Eidsiva Rederi.
The purchase was at a subscription price of 5 Norwegian kroner (82.5 cents) per share in a rights offer, or 11.95 kroner ($1.97 million).
The deal boosts Wilhelmsen's total shareholding in Eidsiva Rederi to about 4.78 million shares, but its ownership stake in the company remains at 21.6 percent.
EUKOR Car Carriers, 40 percent owned by Wilh. Wilhelmsen ASA, charters vessels from Eidsiva. Eidsiva has a fleet of a dozen pure car truck carriers and roll-on/roll-off ships. Both companies are based in Oslo, Norway.