Singapore’s BW Group is set to become a major shareholder in Cadeler, as the former Swire Blue Ocean confirmed plans for a $100m initial public offering.
The Andreas Sohmen-Pao company will undertake a subscription of $33m in the IPO for a pre-money equity value of up to $230m.
“As an industrial investor, BW applies a long-term investment perspective and intends to support the company’s growth strategy going forward,” Cadeler said.
