Sævik, which already owns 41 percent stake in Norway’s largest ferry company, has repeatedly warned that he will require preemptive Fjord1 shares, which Sogn og Fjordane county has already sold to competitor Torghatten ASA.
Sævik has also announced that he will pursue the requirement of first refusal until the Supreme Court, if necessary, to prevail.
Will pay at least as much
– Havilafjord AS has given a competitive offer. Moreover, we have clearly indicated their willingness to enter into the acquisition of the shares on the same or better overall condition than those who are in agreement with Torghatten AS, emphasizes Per Sævik facing BT.
Discrimination
- Fjord1 AS is the largest ferry operator in Norway, with the mission from Rogaland in the south to Finnmark in the north.
- Headquartered in Floro.
- The company has approximately 1,300 employees and had a turnover in 2014 of 2.3 billion. respectively.
- Fjord1 is owned by Sogn og Fjordane county (59 percent) and Havilafjord AS (41 percent).
- Monday 23 November adopted the county council in Sogn og Fjordane to sell their shares to Torghatten Trafikkselskap
The county council in Sogn og Fjordane decided with scarce possible majority a week ago to sell their shares in F1 Holding, (where they have collected their Fjord1 shares), to Torghatten Bronnoysund.
There are SÆVIK company Havilafjord as now written has declared refusal on the shares.
Sævik believes that the county authority’s dealings represents a clear discrimination between shareholders and puts Fjord1 its future as an independent company in danger.
Read the full story at BT (abo)
Read about Per Sævik our entrepreneurial series earlier this year: – Have taken more chances than I enjoy think about
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