Fiat family set to buy into Welltec

Welltec will drop plans for an IPO after the famous Agnelli-family, with assets ranging from football club Juventus to Ferrari, has emerged willing to invest in the company.

MAZ PLECHINGER, ENERGIWATCH

One of Europe's richest families is getting involved with Danish oil company Welltec. This has been confirmed by the Danish oil company's founder and majority shareholder Jørgen Hallundbæk to Danish newspaper Berlingiske. It started with a move by the Dutch fund 7 Industries to pay about USD 225 million for a quarter of the shares, half of which they intend to sell on by the end of the year.

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Fiat family set to buy into Welltec

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Welltec lands framework agreement with Shell

Oil boomer Welltec: 2015 is highly uncertain

Oil giants wage war on EU over price speculation

Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

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Kuehne+Nagel triggers unrest among staff with new management structure

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Less than one percent of the container fleet is currently idle

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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