Farstad Shipping and a company in the Siem Industries group have entered into a non-binding letter of intent for the financial restructuring of Farstad Shipping, with Siem or a fund managed by Siem as a key equity investor.
In accordance with the letter of intent, Farstad Shipping and Siem are continuing the company's discussions with key stakeholders of the Farstad Shipping group with a view to find a solid financial platform for Farstad Shipping’s continued operations.
No further comments will be given at this stage, Farstad said.
The BOS Turquesa, from Farstad.
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