Bank estimates Esvagt worth more than USD 1 billion after ownership change

DNB Markets estimates that Esvagt has a value of nearly DKK 7 billion after 3i Infrastructure opted to buy the entire offshore and wind carrier amid a sales process. "We were surprised, but in a positive way," says Esvagt CEO Peter Lytzen to ShippingWatch.

Photo: PR/Esvagt

British private equity firm 3i Infrastructure, which recently became the sole owner of Esvagt, wasn't satisfied with the acquisition bids made for the Danish offshore and wind service operator and thus chose to make use of an option to fully purchase the company.

3i Infrastructure thus takes over co-investor AMP Capital's 50 percent stake for a price of GBP 268 million, the company announced on Friday.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Growth prompts OSM to send 150 managers on a leadership course

An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.

MSC, Lufthansa mull acquiring Italian state aviation firm

The world’s largest container line, MSC, and German aviation company Lufthansa have offered to take over Italian state airline ITA, the former Alitalia. MSC and Lufthansa have requested a 90-day exclusivity period to closely examine ITA.

Further reading

Related articles

Latest news

See all jobs