The Ukrainian company’s parent has upped its stake in the new venture to70% from the previously announced 51%.
Under a revised deal Calexco will initially invest a lower fee of$13.18m compared to $18.2m.
However the company has commited to injecting working capital of NOK100m, which the two had previously agreed to split evenly.
Their respective equity investments in NorYards have been revised pro-ratawith Calexco to invest NOK 35m ($5.76m)
