Norwegian shipowner Awilco LNG has been granted permission to float shares in a public listing on the Oslo Axess no later than 7 October.

The Board of the Oslo Bors stock exchange agreed that Awilco must publish an approved prospectus before the deal is sealed.

It also has to satisfy a shareholder threshold requirement that says the stock for which listing is sought must be held by at least 100 shareholders with each stake carrying a collective value of it least NOK 10,000 ($1,800).

Awilco