EUA – The Wall Street Journal – 09/03/2010
SAO PAULO (Dow Jones)–NorSkan Offshore Ltda, the Brazilian unit of Norwegian Group DOF, said Tuesday it plans to hold an initial public offering on the Sao Paulo Stock Exchange, or the BMFBovespa.
It didn’t set a date for the offer nor the volume of shares to be sold. The offer is subject to approval by the Brazilian securities and exchange commission.
BTG Pactual and Credit Suisse will coordinate the offering, the company said in the preliminary prospectus of the operation.
Norskan Offshore owns and operates 12 vessels, six of which were built in Brazil. This includes nine vessels and three under construction.
Norskan Offshore is also the management company for all the group’s vessel operations in the region. In addition, Norskan is managing two new-building of advanced construction support vessels for DOF Subsea Brazil, according to the company’s Web site.
“With more growth anticipated in the region, we are expected to grow from 330 employees to 640 employees by 2010,” it said.
-By Rogerio Jelmayer