BW buys into WOMAR

Feb 28 2014


BW Group has entered into an agreement with the shareholders of WOMAR to buy out the stake currently held by Heidmar for an undisclosed price.

Hans van der Zijde will continue as the CEO of WOMAR and Captain Uday Yellapurkar will remain chairman.  

The transaction is expected to close by the end of March 2014, the Singapore-based concern said. 

BW stressed that WOMAR will continue to operate as an independent and neutral service provider.



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