10.3.2015

Dovre Group – Acquisition of Norwegian Petroleum Consulting Group AS

We advised Dovre Group Plc, a Finnish listed company, in its acquisition of Norwegian Petroleum Consulting Group AS, a Norwegian privately-held company focusing on providing staffing services to the oil and gas industry with operations in Norway, South East Asia, the US and the UK. Dovre Group will receive 100% of the shares in Norwegian Petroleum Consulting Group AS in exchange for approximately 36 million new shares to be issued through a directed share issue representing 36.5% of the shares and voting rights in Dovre Group Plc after the directed share issue.

The completion of the transaction is subject to among other things the approval and authorisation by the annual general meeting of shareholders of Dovre Group Plc, to be held on 25 March 2015, to issue the new shares and to decide on the extra dividends proposed by the Board of Dovre Group Plc. The target is to complete the transaction within H1/2015.

Latest references

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