Seaway 7 confirms offshore wind unit.

From 01 October 2021, the combined company will be named Seaway 7 ASA. The new Seaway 7 is able to offer the full range of services required to install next generation offshore windfarms. With a comprehensive fleet, strong track record and experienced team, Seaway 7 is positioned as a global leader in offshore wind.

Effective from closing of the Transaction:

• OHT ASA is renamed Seaway 7 ASA
• Subsea 7 Blue Space Limited, a wholly-owned indirect subsidiary of Subsea 7 S.A., has contributed its ownership of 100% of the shares in Seaway Offshore Cables GmbH, SHL Holding NL B.V., Seaway Aimery AS, Seaway Moxie AS and Seaway Phoenix AS to the Company, in return for an issuance of 314,325,054 new shares at an issue price of NOK 19.50 per share
• A new board of Seaway 7 ASA has been elected, consisting of Rune Magnus Lundetræ (Chairperson), Kristian Siem, John Evans, Nathalie Louys and Monica Bjørkmann
• Stuart Fitzgerald has been nominated as the new Chief Executive Officer and the new Executive Management Team of the Seaway 7 Group (“Seaway 7”) will consist of the persons announced on 2 September 2021
• Ernst & Young AS will replace PricewaterhouseCoopers AS as Seaway 7’s external auditor

Read more here.

Source: Breakbulk.news