The Dutch Van Aalst Group launched its first bond offering on the NPEX platform on 21 October 2019. The €5 million fixed rate 5-year bond offer was fully subscribed as the offering attracted strong demand from the investors.
“The listing of our company and the first bond offering is another step in acquiring funds for our projected ambitious growth plans in the next years,” says Cees Zuur, CFO of Van Aalst Group. “As Van Aalst Group continues to grow, we require more capital from various sources and this bond issue is part of the ideal mix of funding of our company making us ready for the future.”
”The funds raised will mainly be used to support Van Aalst Group growth plans including the expansion of our present fleet of the highly reliable Safeway gangways. This unique motion compensated offshore access system offers the ability to safely and efficiently transfer key personnel and cargo to carry out essential offshore installation, maintenance or decommissioning activities. In particular in the renewables sector, Walk to Work (W2W) operations become increasingly vital, while at the same time the growth of offshore wind activities have led to a huge geographical spread. Europe, the Far East, America. So much is happening everywhere, right now. This growing internationalisation calls for a financially strong Van Aalst Group and I am excited to say that we are now prepared to be part of all global innovative projects of the future,” says Wijnand van Aalst, Van Aalst Group CEO.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/24122019/dutch-van-aalst-group-officially-listed-on-npex-stock-exchange-and-financially-prepared-for-the-future/
You might also like
The Norwegian Petroleum Directorate (NPD) has conducted a mapping of gas resources that, for various reasons, have yet to be developed. Several of these discoveries could be produced in a manner that is profitable from a socio-economic perspective.