SINGAPORE (Nov 13): Fincantieri Oil & Gas, the 79.34% shareholder of Vard Holdings, is making another attempt to take Vard private.

This time, Fincantieri is offering 25 cents per share offer to buy back the company to privatise and delist it.

The offer price is similar to Vard’s closing price on Friday and a 0.5% premium to its NTA per share of 25 cents as at Sept 30.

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