Belships ASA: Change in ownership of Lighthouse Navigation

Belships ASA: Change in ownership of Lighthouse Navigation

Written by Customer Service on . Posted in Public Companies.

Belships has entered into an agreement to divest its stake of 50 per cent in Lighthouse Navigation Pte Ltd against a cash consideration which will be paid to Belships over the next 15 months. As part of the transaction, Belships has acquired 33 per cent of the shares in Lighthouse Navigation Management AS, increasing Belships’ ownership to 67 per cent. Closing of the transaction has been completed.

“Ever since incorporation Lighthouse Navigation has been a success story, and this ownership change is to focus and simplify Belships’ involvement within dry bulk operating businesses. This is a transaction conducted in good spirit, and the commercial management of the Belships fleet will continue to be handled in the same manner as today, in co-operation between the offices in Bangkok and Oslo”, said Lars Christian Skarsgård, CEO of Belships ASA.

Lighthouse Navigation Pte Ltd, incorporated in 2009, operates from offices across Asia and Australia. Lighthouse Navigation Management AS is incorporated in Norway and conducts business from its office in Oslo. 

For further information, please contact: Lars Christian Skarsgård, CEO, phone +47 977 68 061 or e-mail LCS@belships.no

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.