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31 October 2014 The on-line newspaper devoted to the world of transports 23:58 GMT+1



June 19, 2012

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Wilh. Wilhelmsen acquires 35.4% of the capital stock of NorSea Group

The society offers to logistic services and systems to the Norwegian industry of the oil and the gas

The shipowning group Norwegian Wilh. Holding Wilhelmsen (WWH), through the Wilh branch. Holding Wilhelmsen Invest, will buy 35.4% of the capital stock of the compatriot NorSea Group (NSG), society that offers to logistic services and systems to the Norwegian industry of the oil and the gas.

The investment will pile to approximately 500 million Norwegian crowns (80 million dollars). In the next few days, to completion of the transaction, Wilh. Holding Wilhelmsen Invest will become the greater shareholder of NSG. Moreover WWHI has also an option right in order to acquire until 40% of the capital stock of NSG. The societies Eidesvik Eiendomsinvest AS and Simon Møkster Eiendom AS will continue to being shareholders of relief of NSG each with a quota 30% approximately.

“The investment - the managing director of WWH, Thomas Wilhelmsen has commented - is online with the strategy announced previously to explore new opportunity in the power industry, the offshore industry and that marine one, to complement of the activities of Wilh Wilhelmsen and Wilhelmsen Maritimes Services”.



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