Northern Offshore Temporarily Delists Shares from Oslo Bors
|Wednesday, August 04, 2004
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.