Offshore

BW Energy's board opposes takeover bid from major shareholder

An acquisition offer from majority shareholder BW Group has been rejected by several board members, who recommend that shareholders do the same. The price is too low, they say.
Andreas Sohmen-Pao is chairman of the board of BW Group, which is the majority shareholder of the oil and gas company BW Energy. | Photo: Ty Stange/global Maritime Forum
Andreas Sohmen-Pao is chairman of the board of BW Group, which is the majority shareholder of the oil and gas company BW Energy. | Photo: Ty Stange/global Maritime Forum
by TOMAS KRISTIANSEN

Several board members of oil and gas company BW Energy have opposed the unconditional mandatory cash offer presented by majority shareholder BW Group a few days ago.

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