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STX EUROPE CONSIDERING LISTING OF ITS OFFSHORE AND SPECIALIZED VESSELS DIVISION IN SINGAPORE
30.9.2010


STX Europe AS is considering a listing (the "Listing") of its offshore and specialized vessels division ("OSV") on the Main Board of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). Prior to the Listing, STX Europe AS will transfer ownership in the entities forming part of OSV to a wholly-owned Singapore subsidiary - STX OSV Holdings Pte. Ltd. (to be renamed STX OSV Holdings Limited) ("STX OSV"). STX OSV has received an "Eligibility to List" letter from the SGX-ST for the Listing. We will release a further announcement if and when there are any material developments in relation to the potential listing.

 

This announcement is not an offer to sell or a solicitation of any offer to buy the securities of STX OSV in the United States, and the securities may not be offered or sold in the United States absent registration or an exemption from such registration requirement.  Any public offering of the securities in the United States will be made by means of a prospectus that would be obtained from STX OSV and that would contain detailed information regarding STX OSV and management, as well as financial statements.  STX OSV does not intend to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.

 

Contact information:

STX Europe AS

Oslo, Norway 

Hans-Jørgen Wibstad

Senior Vice President Finance

Mobile: +47 91 68 96 61

E-mail: hjw@stxeurope.com

 

 

STX Europe is an international shipbuilding group which aims to be the leading builder of cruise, ferry and offshore vessels. The group has a strong position in terms of developing state-of-the-art concepts, technology, processes and products for customers around the world. STX Europe comprises 15 shipyards in Finland, France, Norway, Romania, Brazil and Vietnam. STX Europe has approx. 15 200 employees. www.stxeurope.com

STX Europe AS is a fully owned subsidiary of the STX Business Group in Korea. STX Business Group aims to be a global top player in its core business areas- shipping and trade, shipbuilding and machineries, plant and construction, and energy. 

 


 
   
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