The Oslo Stock Exchange has ruled that investor and shipowner Frode Teigen is not obliged to make an offer for all shares in Belships.
This summer, Teigen made an offer to buy 30.2% of the shares in the Oslo-listed bulker owner for NOK 7 ($0.85) per share and to merge it with his company, Lighthouse.
Sverre Jorgen Tidemand is the biggest shareholder in Belships holding 67%, whilst his brother Otto and his family have a 10.6%
