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Image header Agence Europe
Europe Daily Bulletin No. 7918
Contents Publication in full By article 38 / 48
ECONOMIC INTERPENETRATION / (eu) shipping

TEEKAY SHIPPING, the world's largest medium-sized oil tanker operator, has taken a 56% majority stake in the Norwegian group UGLAND NORDIC SHIPPING at NOK 140 a share. It intends taking over the remaining shares later. The total cost of the operation is $783 million. UGLAND manages a fleet of 18 ferries responsible for carrying oil from offshore fields to ports.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION