M&A Activity • Aug 26, 2016
M&A Activity
Open in ViewerOpens in native device viewer
| Informazione Regolamentata n. 1616-84-2016 |
Data/Ora Ricezione 26 Agosto 2016 11:12:58 |
MTA | |
|---|---|---|---|
| Societa' | : | FINCANTIERI | |
| Identificativo Informazione Regolamentata |
: | 78516 | |
| Nome utilizzatore | : | FINCANTIERIN02 - Manca | |
| Tipologia | : | IROS 13 | |
| Data/Ora Ricezione | : | 26 Agosto 2016 11:12:58 | |
| Data/Ora Inizio Diffusione presunta |
: | 26 Agosto 2016 11:27:59 | |
| Oggetto | : | ships for Hapag-Lloyd cruises | FINCANTIERI Vard finalizes the order for 2 |
| Testo del comunicato |
Vedi allegato.
Trieste, August 26, 2016 – The press release issued by Vard Holdings Limited ("VARD") is here attached.
VARD is 55.63% controlled by Fincantieri which fully consolidates its financial results.
* * *
Fincantieri is one of the world's largest shipbuilding groups and number one by diversification and innovation. It is leader in cruise ship design and construction and a reference player in all high-tech shipbuilding industry's sectors, from naval to offshore vessels, from high-complexity special vessels and ferries to mega-yachts, ship repairs and conversions, systems and components production and after-sales services.
Headquartered in Trieste (Italy), the Group has built more than 7,000 vessels in over 230 years of maritime history. With almost 19,000 employees, of whom more than 7,800 in Italy, 20 shipyards in 4 continents, today Fincantieri is the leading Western shipbuilder. It has among its clients the major cruise operators, the Italian and the U.S. Navy, in addition to several foreign navies, and it is partner of some of the main European defense companies within supranational programmes.
* * *
| Antonio Autorino | Laura Calzolari | Cristiano Musella | Micaela Longo |
|---|---|---|---|
| Tel. +39 040 3192473 | Tel. +39 040 3192527 | Tel. +39 040 3192225 | Tel. +39 040 3192247 |
| Mob. +39 335 7859027 | Mob. +39 334 6587922 | Mob. +39 366 9254543 | Mob. +39 366 6856280 |
| [email protected] | [email protected] | [email protected] | [email protected] |
| Angelo Manca | Federica Capuzzo | Tijana Obradovic | Silvia Ponso |
|---|---|---|---|
| Tel. +39 040 3192457 | Tel. +39 040 3192612 | Tel. +39 040 3192409 | Tel. +39 040 3192371 |
| [email protected] | [email protected] | [email protected] | [email protected] |
| Giuliana Paoletti | Simona Raffaelli | Alfredo Mele |
|---|---|---|
| Tel. +39 02 89011300 | Tel. +39 02 89011300 | Tel. +39 02 89011300 |
| Mob. +39 335 6551356 | Mob. +39 335 1245191 | Mob. +39 335 1245185 |
| [email protected] | [email protected] | [email protected] |
For Immediate Release
Singapore, 26 August 2016 – Vard Holdings Limited ("VARD"), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that it has secured contracts for the design and construction of two luxury expedition cruise vessels for German cruise company Hapag-Lloyd Cruises.
A Letter of Intent ("LoI") with respect to the contracts had been announced on 13 May 2016, with reference to an undisclosed international cruise company. Effectiveness of the contracts is still subject to customary financing conditions.
Developed by VARD in close cooperation with Hapag-Lloyd Cruises, the vessels are specially designed for cruises in polar regions in the Arctic and Antarctica, but are also prepared for operations in warm water destinations such as the Amazon. The vessels which will be equipped with state-of-the-art technological features and environmental technology, will have a high standard of facilities and fulfil the highest demands for environmentally friendly and safe operations.
The luxury expedition cruise vessels will be approximately 16,100 gross tons, about 138 meters long and 22 meters wide. Each vessel has seven passenger decks, with accommodation for a total of 240 passengers in 120 cabins and suites. The vessels will also feature a water sports marina and modern spa and fitness areas.
The hulls of the vessels will be built by VARD's shipyard in Tulcea, Romania, and delivery is scheduled from Vard Langsten in Norway in 1Q 2019 and 4Q 2019 respectively.
CEO and Executive Director Mr. Roy Reite commented, "We are honored to have been chosen by Hapag-Lloyd Cruises for this project. A leading player like Hapag-Lloyd Cruises placing their trust in VARD's capabilities to develop these unique, high-end vessels shows the recognition we have quickly earned in this segment of the specialty shipbuilding market."
Hapag-Lloyd Cruises is a company with a tradition of progress. Owned by TUI AG and based in Hamburg, Germany, the company is the German-speaking region's leading cruise provider in the luxury and expedition segments. 125 years after inventing the very concept of the cruise, Hapag-Lloyd Cruises continues a tradition of innovation in the cruise market, offering passengers outstanding vessels in their class and exciting expedition experiences worldwide. www.hl-cruises.com
– Ends –
Registered address: Vard Holdings Limited Six Battery Road #10-01, Singapore 049909 Company Reg. Number: 201012504K Visiting address: Vard Holdings Limited c/o Vard Group AS, Skansekaia 2, NO-6002 Ålesund, Norway
VARD 6 07 Overall length: 138 m | Breadth: 22 m | Luxury Expedition Cruise Vessel For further information please contact:
VARD Holger Dilling EVP Investor Relations Mobile: +47 90 61 92 55 [email protected]
Hege Anita Akselvoll SVP Corporate Communications Mobile: +47 91 69 00 51 [email protected]
NEWGATE COMMUNICATIONS Michelle Tan Mobile: +65 9711 3356 [email protected]
Jean Li Mobile: +65 9749 4209 [email protected]
Vard Holdings Limited ("VARD"), together with its subsidiaries (the "Group"), is one of the major global designers and shipbuilders of specialized vessels. Headquartered in Norway and with approx. 10,000 employees, VARD operates nine strategically located shipbuilding facilities, including five in Norway, two in Romania, one in Brazil and one in Vietnam. Through its specialized subsidiaries, VARD develops power and automation systems, deck handling equipment, and vessel accommodation solutions, and provides design and engineering services to the global maritime industry.
VARD's long shipbuilding traditions, cutting-edge innovation and technology coupled with its global operations ensure access to the fastest growing oil exploration markets. The Group's expertise and track record in constructing complex and highly customized offshore and specialized vessels have earned it recognition from industry players and enabled it to build strong relationships with its customers.
VARD was listed on the Main Board of the Singapore Exchange on 12 November 2010. Majority shareholder Fincantieri Oil & Gas S.p.A., a wholly owned subsidiary of FINCANTIERI S.p.A., owns 55.63% in the Group. Headquartered in Trieste, Italy, FINCANTIERI is one of the world's largest shipbuilding groups and has, over its 200 years of maritime history, built more than 7,000 vessels.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.