Awilco rubbishes buy-out claims
The Oslo Bourse halted trade in offshore services player Awilco Offshore
shares after they rose on a report that a Chinese company may be looking to
buy it - a report the company has denied.
Awilco dismissed a report, published in the Economic Observer, that an
unnamed Chinese company had carried out due diligence ahead of a possible
takeover.
"Awilco Offshore would like to point out that it is not correct that a third
party has carried out due diligence of Awilco Offshore," the Norwegian
company said.
"Awilco Offshore will disclose information about any possible transaction in
accordance with applicable requirements," it added.
It gave no further details.
05 May 2008 12:17 GMT
| last updated:
05 May 2008 13:13 GMT
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