Ocean Yield says it’s looking at an equity raise through the issuance of new shares in a private placement.
The Lars Solbakken-led company said in a release to the Oslo stock exchange that the “contemplated” private sale would entail up to 13.4 million new shares, or just under 10% of its current share count. The company said it has engaged Danske Bank, DNB, Nordea, Pareto Securities and SEB for the sale, which will be directed towards institutional investors.
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