Distribution of company announcements to the professional platforms, finance portals and syndication of important corporate news to a wide variety of news aggregators and financial news systems.
Odfjell Konsern (OSL:ODF) Odfjell has today sold MT Bow Sky with a net gain of USD 32 million. The sale of the ship is to strengthen the equity following the Norwegian retroactive tax imposed last year.
-Odfjell has been working on ways of strengthening the equity since the damaging Norwegian retroactive tax imposed last year. This process has been hindered by the impact of the financial crises.Despite the difficult financial markets, we are pleased to announce the sale of MT Bow Sky(40,005dwt/built 2005) with an eleven year charter back, says Terje Storeng, President/CEO of Odfjell SE.
The transaction is entered into with a subsidiary of nabCapital, the institutional banking and capital markets division of National Australia Bank Limited.
The ship will be delivered to its new owner in November. The ship will continue in the Odfjell Tankers Pool and will continue to be managed by Odfjell.
_______________________________________________________________________ For further information please contact: Terje Storeng, President/CEO, ph.: +47 55 27 44 23 or + 47 909 89 658, e-mail: terje.storeng@odfjell.com or Haakon Ringdal, Senior Vice President/CFO, ph. +47 5527 4563 or +47 995 83 620, e-mail: haakon.ringdal@odfjell.com.
Additional information about Odfjell is available at: www.odfjell.com
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
