John Fredriksen has become the largest owner of Edda Wind after Ostensjo sold its entire stake for NOK 522m ($47m) on Wednesday.
Ostensjo sold 21.3m shares in the Oslo-listed offshore wind vessel owner at NOK 24.50 per share.
Fredriksen’s Geveran Trading bought 10.3m shares. It will hold 34.85m shares of Edda Wind, representing 31.03% of the issued shares and votes.
Wilhelmsen New Energy bought 6.34m shares and will hold 34.84m shares, representing 31.02%.
Idan Ofer’s EPS Ventures bought 4.7m shares, increasing its ownership to 20.09%.
Edda said: “The transaction is a testament to the shareholders’ strong belief in Edda Wind’s future and will contribute to simplifying the ownership structure of the company.”
DNB Markets acted as a financial adviser to Geveran, Wilhelmsen and EPS.
“As Edda Wind continues to grow and expand, it is not only a strategic decision but also a natural next step for Ostensjo to divest its ownership stake in the company. Nevertheless, we strongly believe in Edda Wind’s further successful development in a growing market”, Havard Framnes, chief executive of Johannes Ostensjo dy, said in a separate statement.
Ostensjo held 19% of Edda Wind before the divestment.
Edda Wind was founded by Ostensjo in 2015.
The company owns and operates six vessels, three service operation vessels and three commissioning service operation vessels.
“Edda Wind has been a major part of our business since 2015 and is an important part of our history and identity,” Framnes said.
Additionally, Edda Wind has eight vessels under construction, comprising one SOV and seven CSOVs.
Ostensjo Rederi has managed Edda Wind’s fleet of vessels since its start in 2015. From 1 January 2025, Edda Wind will take over the full management of its fleet.
“Edda Wind was shaped in an Ostensjo mould, and we are proud of the journey they have embarked on and what the company has accomplished. It is therefore with mixed feelings we have decided to sell our shares,” Framnes added.
Carnegie acted as financial adviser to Ostensjo
