General – Shares
Cyprus-based Pelagic Partners, a manager of ship owning funds, has bought 20% stake in public listed Golden Energy Offshore Services, a shipowner and operator of offshore service vessels.
After this move Pelagic Partners becomes the second largest shareholder to the Oslo Euronext listed Golden Energy Offshore Services (GEOS).
Pelagic, said it bought 95 million shares as part of a private placement led by Golden Energy’s largest shareholder, Oaktree Capital Management.
The investment will make Pelagic the second largest shareholder in the Oslo-listed offshore shipowner, with a seat on its board of directors.
GEOS is a dynamic and fully integrated shipowner and operator, specializing in modern and high-spec offshore service vessels tailored for the global oil and gas industry.
