Northern Offshore Temporarily Delists Shares from Oslo Bors

Bermuda-based, Norwegian-controlled offshore contractor Northern Offshore Ltd said on August 4th that the Norwegian stock exchange Oslo Bors had agreed to temporarily delist its shares for a period of up to four months.

The delisting was requested due to ongoing discussions with creditors and shareholders concerning whether it would be possible to negotiate a restructuring of Northern Offshore.

A failure to reach an agreement would likely result in the liquidation of the company.