Fred. Olsen Windcarrier acquires majority ownership of the Transport & Installation vessel Seafox 5
Fred. Olsen Windcarrier ("FOWIC", or “the Company”), a company indirectly wholly owned by Bonheur ASA, has today entered into an agreement with the Seafox International Group for the acquisition of an indirect 51% ownership in Seafox 5 Ltd. (“SF5”), which is a company with its main asset being the offshore wind transport & installation vessel Seafox 5. Under the agreement, FOWIC will acquire the shares and a pro rata part of shareholder loans for USD 73.6 million, with share settlement on or about signing. Per 30 September 2018, SF5’s total assets had a book value of EUR 188.3 million.