We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kvaerner Asa | LSE:KVR | London | Ordinary Share | NO0004684408 | ORD NOK12.50 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1331M Kvaerner ASA 25 October 2001 Kvaerner's liquidity LONDON, 25 OCTOBER 2001: Kvaerner, the Anglo-Norwegian engineering and construction Group, said today that in its announcement of 18 October this year the Group provided details of new short-term loan facilities, together with uncertainties attached to the current cash forecasts of the Group. In September and October the Group entered into agreements for two new short-term loan facilities of NOK 800 million and NOK 500 million, in order to meet the requirements for short-term funding. It also said in its announcement, that due to the current situation surrounding the Company, a significant level of uncertainty is attached to the current forecasts. One element of that uncertainty is the ability of the Company to satisfy the necessary conditions to enable it to draw down the final part of the NOK 800 million facility. Furthermore, the forecast was based on the assumption that Kvaerner would be in a position to utilise all of its cash, including the NOK 500 million facility, for the financing of any part of the Group So far, it has not been possible to remove these uncertainties. Legal considerations may obstruct the Company from accessing considerable amounts of cash tied up in subsidiaries. The Board and Management of the Group are working strenuously to resolve these complex legal issues. If it proves impossible to resolve these issues, the Group will face a serious and immediate shortfall of cash. It is expected that the position of the company will become fully clarified during the coming weekend. For further information: Paul Emberley, Vice President, Group Communications, Kvaerner PLC: +44 (0)20 7339 1035 or +44 (0)7768 813090 or paul.emberley@kvaerner.com Notes to editors: Kvaerner is a world-class Anglo-Norwegian engineering and construction Group. It meets the needs of its customers by adding value to their business - through the provision of innovative, cost-effective solutions - for challenges in the hydrocarbons, process and metals industries. The Group's activities are currently organised in two core business areas: E&C (Engineering and Construction), and Oil & Gas. Kvaerner is a Norwegian registered business, but has a London, UK-based international headquarters. The Group has annual revenues in excess of US$6 billion, with some 35,000 permanent staff located in almost 35 countries throughout Europe, Africa, Asia and the Americas.
1 Year Kvaerner Asa Chart |
1 Month Kvaerner Asa Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions