Vard to delist by 2 November

The $26.97m exit offer by its parent firm was closed on 15 October.

Shipbuilding firm Vard Holdings will finally delist on 2 November as the exit offer of its parent firm Fincantieri Oil & Gas was closed on 15 October, an announcement revealed.

Upon the close of the deal, the parent firm acquired 1.13 billion or around 95.99% of Vard’s issued share capital.

The exit offer was priced at $26.97m.

Following this, Vard immediately requested to be delisted from the Singapore Exchange (SGX).

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