Norway’s Steensland family could be in a position to take Solvang private after triggering a mandatory offer for the company with a relatively modest share purchase.
AS Clipper has bought 120,000 shares in the Oslo-listed gasship specialist, a NOK 3.06m ($120,000) investment.
The purchase means AS Clipper holds a 22.6% stake in Solvang. However, Michael Steensland Brun, Menne Steensland and Melanie Tone Steensland Gotteberg and various investment vehicles are “related parties” controlling a combined 64% of the company.
Solvang
