Bermuda-based player gives Oslo stock exchange a go

(Offshore-energy.biz) Paratus Energy Services, a Bermuda-headquartered holding company of a group of energy service players, has shared its intention to list the firm’s shares on the Euronext Growth stock exchange market in Oslo, Norway, followed by a planned uplisting to the Oslo Stock Exchange.

Paratus explained that the offering it plans to launch will entail a private placement of new shares without disclosing their number or indicative price range. The net proceeds are expected to predominantly be used for general corporate purposes and increased balance sheet flexibility. 

Paratus’ CEO, Robert Jensen, noted: “Paratus’ exceptional cash flow profile is underpinned by our substantial backlog in attractive market segments. Our listing on the Euronext Growth and planned uplisting to the Oslo Stock Exchange will provide a robust platform to drive continued value creation for our shareholders. 

Read full article: https://www.offshore-energy.biz/bermuda-based-player-gives-oslo-stock-exchange-a-go/