A financial investor is looking at divesting millions of shares in Carl Arnet-led BW Offshore.
Nordea Markets Norway is required to explore selling up to 8.3 million shares, representing 4.5% of the Oslo-listed FPSO owner, on the investor's behalf.
The secondary placement's size and price per share will be determined through an accelerated bookbuilding process to Norwegian and international investors.
BW Offshore has been contacted for further information.
The minimum order and allocation has been set to the number of shares equaling a NOK equivalent purchase price of EUR 100,000 ($119,604).
The financial investor reserves the right, at its own discretion, to reduce the number of offered shares or to sell no shares at all, depending on the price and the demand for shares in the bookbuilding, which took place today.
Nordea Markets Norge is acting as the placement's underwriter.
