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Company agrees €48.5m deal with United Heavy Lift Fred Olsen Ocean Ltd has agreed to sell its 50% stake in United Wind Logistics (UWL) to United Heavy Lift. The amount agreed is €48.5m, according to a stock exchange announcement by Fred Olsen & Co vice-president of finance Øyvind Engesrønning. UWL has a fleet of three deck carriers including the MV BoldWind vessel (pictured) and offers services within marine transportation. Norway-based Fred Olsen Ocean originally acquired the ownership in UWL in 2019 for €12m. Including a repayment of shareholder loans, the gross proceeds from the divestment will be approximately €51.2m, with closing expected on 30 April 2025. |
