Two factions of the Tidemand family remain at odds over the direction of Belships, following a move to merge the Oslo-listed company with Frode Teigen’s Lighthouse Shipholding.

In February, major Belships shareholder Sverre Jorgen Tidemand hired ABG Sundal Collier to explore options for his stake in the company.

This prompted a takeover offer from investment vehicles backed by Caroline Tidemand and Kristin Tidemand Eckhoff, the daughters of his brother, Otto.