Italy's Fincantieri is injecting fresh equity into Vard Group after the Norwegian shipbuilder suffered heavy losses.
Vard has logged a loss after taxes of NOK 1.88bn ($220m) last year, against a NOK 99m loss in 2017, Norwegian daily Finansavisen reported.
Vard has had accumulated losses of NOK 5bn the last five years and the group had negative equity at the end of 2018.
