US private equity giant Kohlberg Kravis Roberts (KKR) has formed a new smaller board at Norwegian shipowner Ocean Yield following its takeover.
The sale and leaseback specialist was acquired last month and delisted in Oslo on 20 December.
Registration of the company's conversion to a private limited company has now been completed.
The name has been changed to Ocean Yield AS and the board has been slimmed down to just two directors, Vincent Policard and Bernardo Nogueira.
