Dockwise Takes Another Bite out of Fairstar, Increases Shareholdings to 80.4%

Fairstar’s Forte heavy lift transport ship underwent submerge trials in mid-April 2012, image: Fairstar

Breda, the Netherlands, Dockwise announced today that, through its wholly-owned subsidiary Dockwise White Marlin B.V., Dockwise now controls 80.4% of the outstanding shares of Fairstar Heavy Transport N.V.  Over the weekend shares were bought from various shareholders including Dutch investment group Indofin and Parkland.

Dockwise has agreed the purchase of 17,834,122 shares or 20% in Fairstar, increasing its holdings from 60.4% to 80.4%. Shares were bought from Indofin/Parkland and certain other shareholders.

Back in April, Dockwise launched their hostile takeover campaign to acquire Fairstar, click HERE to read more of how this drama has played out.

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