Thomas Wilhelmsen submits counter-offer to buy out relatives

Thomas Wilhelmsen plans to buy members of his family out of the Wilhelmsen group for a sum totaling NOK 1.4 billion, reports Dagens Næringsliv. The offer is described as a one-time offer, according to the newspaper.

Photo: PR / Wilh. Wilhelmsen

Thomas Wilhelmsen has made an offer to seven close relatives offering to buy them out of the Norwegian Wilhelmsen group.

Business daily Dagens Næringsliv reports that Thomas Wilhelmsen, CEO of Wilh. Wilhelmsen, has offered his aunt and six cousins NOK 1.4 billion (USD 154.5 million) to buy them out of the group. Specifically, his company Cetus has offered to buy their jointly owned holding company Taurus.

Read the whole article

Get 14 days free access.
No credit card required.

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

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs