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Lundh’s chemical coup
Swedish shipbroker races to cash in on management of small Turkish chemical tankers built on spec during the market boom.
Dof unit plans Brazil IPO
Helge Mogster’s Dof is looking to list its Brazilian unit in Sao Paulo, the Norwegian shipowner revealed this morning.
Helge Mogster.
A potential float for NorSkan Offshore comes only days after Eike Batista-led OSX announced an IPO worth up to $5.6bn.
In a statement to the Oslo Stock Exchange this morning Dof says it has already filed preliminary documents as the first step in the possible flotation of NorSkan.
It added: “An initial public offering is intended to take place in connection with a possible listing.
“A local listing may be instrumental in strengthening Dof's presence in Brazil and is an important element to facilitate future growth in the area.”
Dof is confident the listing will attract significant interest from investors in the region.
NorSkan has a fleet of 13 vessels, including three newbuildings.
It also manages two vessels for related company, Dof Subsea Brazil.
Dof valued the company at NOK 2.31bn ($411m) in November last year, but it has since added an extra vessel to its fleet.
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