Fred Olsen Ocean sells out of United Wind Logistics

Norway’s Fred Olsen Ocean has sold its 50% stake in German deck carrier operator United Wind Logistics (UWL) to United Group sister company United Heavy Lift for €48.5m ($52.6m). The Oslo-based Bonheur subsidiary said the transaction should close by end-April and that the gross proceeds from the divestment, including a repayment of shareholder loans, would …

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