Marianne Sahl Sveen
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Unity Invest AS completed the public take-over of Solvang ASA, the LPG shipping company listed on Oslo Børs, on January 9, 2018. The transaction values Solvang ASA to NOK 813.5 million.
The transaction was structured as a voluntary offer made by Unity Invest AS, on behalf of a take-over consortium consisting of certain existing shareholders in Solvang, including the Steensland family. Following completion of the transaction, Unity Invest now controls 97.15% of the shares in Solvang and has announced an intent to implement a squeeze-out of the remaining shares before making an application to delist Solvang from Oslo Børs.
Arntzen de Besche acted as legal advisor to Unity Invest in connection with the acquisition.