Skip to main content

PALFINGER lodges TTS Group ASA takeover bid

Published by
LNG Industry,

The takeover bid made by the PALFINGER Group for the Norwegian ship equipment supplier TTS Group ASA has been approved and published by the Oslo Stock Exchange following a detailed review. PALFINGER aims to acquire 100 per cent of the TTS shares. Alongside the necessary anti-trust approvals, the offer is also subject to the condition that at least 90% of all the shares in TTS be offered to the PALFINGER Group. PALFINGER has already secured acceptance of a total of approximately 66.3%. The initial deadline for acceptance of the offer is 12 August 2016. The Board of Directors of TTS recommends that its shareholders accept PALFINGER’s offer.

Edited from press release by

Read the article online at:

You might also like

LNG Fuel 2020

LNG Fuel 2020

LNG Fuel 2020 is an online conference for professionals in the 'LNG as a marine fuel' sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free. Register for free today »


Embed article link: (copy the HTML code below):