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Norway's GC Rieber gets a financial respite for the next three years

A share issue for NOK 100 million and new debt conditions give Norwegian offshore carrier GC Rieber a financial respite and room to maneuver.

Photo: GC Rieber

Norway's GC Rieber plans to raise NOK 100 million (USD 12 million) to safeguard itself for the years to come. The carrier's biggest shareholder, the family GC Rieber AS, has already subscribed to the emission and will, as a minimum, vouch for its 70.4 percent stake in the offshore carrier, according to an update.

Chairman Paul Chr. Rieber will support the issue with his ownership through two companies.

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