A third Wilh Wilhelmsen company is set to complete a stock listing in June.
The unwinding of Treasure, which will hold the company’s shares in Hyundai Glovis, has been approved and shares are pencilled in for a first day of trading on 8 June, a statement said.
An initiative to list a company controlling Wilhelmsen’s valuable 12.04% stake in Hyundai Glovis was revealed in February in a move widely applauded by analysts.
The name of the spin-off has historical significance to Wilhelmsen.
It was first applied back in the 1970s and 1980s to its rigs which were out “drilling for treasure” off the Norwegian coast.
