Business
Bonheur Subsidiary Enters Agreement With MEAG
Bonheur Subsidiary Enters Agreement With MEAG
About this update from Bonheur Asa
BONHEUR ASA OSL:BONHR : SAID ON FRIDAY SUBSIDIARY FRED. OLSEN OCEAN HAS ENTERED INTO AGREEMENT WITH MEAG, ACTING ON BEHALF OF AFFILIATES OF MUNICH RE GROUP AGREEMENT CONCERNS INVESTMENT OF EUR 150 MILLION IN FRED. OLSEN WINDCARRIER TRANSACTION INCLUDES EUR 70 MLN FOR ACQUISITION OF EXISTING SHARES FROM FOO TRANSACTION ALSO INCLUDES EUR 80 MLN FOR SUBSCRIPTION OF NEW SHARES IN FOWIC FOLLOWING SECOND CLOSING, AFFILIATES OF MUNICH RE ARE EXPECTED TO HOLD ABOUT 24% OF FOWIC'S SHARE CAPITAL Source text for Workspace: (Full Story) Further company coverage: OSL:BONHR