Höegh Autoliners listed on Euronext growth

Höegh Autoliners has today been admitted to trading on Euronext Growth in Oslo (ticker: HAUTO). Raising new equity of around NOK 1.2 bn through a private placement, which may increase by NOK 160 million following exercise of the greenshoe option. ( A greenshoe option allows the group of investment banks that underwrite an initial public offering (IPO) to buy and offer for sale 15% more shares at the same offering price than the issuing company originally planned to sell.)

Höegh Autoliners claims it is now in a position to further accelerate its green transition, expand the fleet and strengthen its market leading low-to-zero emission transportation services to its customers.

Höegh Autoliners is a global providers of deep-sea RoRo transportation services, operating a fleet of around 40 Pure Car and Truck Carriers (“PCTC”) sailing in global trade systems and offering deep-sea transportation of cargo such as cars, high and heavy machinery and breakbulk.

A total of 57,500,000 new shares have been issued. The offering attracted strong interest from high quality investors and was multiple times oversubscribed. The main owner Leif Höegh & Co Holdings AS holds 48.4% following the listing, assuming that the greenshoe option is not exercised.

See more here.

Source: breakbulk.news

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