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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:9260K Kvaerner ASA 1 October 2001 Kvaerner Group management to relocate to Norway LONDON, 1 OCTOBER 2001: Kvaerner, the Anglo-Norwegian engineering and construction Group, today announced that its Board had decided to relocate its Group management from London to Kvaerner's head office at Lysaker, Oslo, Norway. This relocation will also include the senior management of Kvaerner's Oil & Gas business area. The management of the E&C business area will remain in London. The relocation will take place progressively over the next few months, as and when business circumstances allow. The decision to relocate the Group's management follows three years of restructuring, involving the disposal of a substantial number of UK-based business activities, including the comprehensive activities of its former building and civil engineering operations. With the current mix of activities, and with Oslo being the larger market-place for the trading in Kvaerner shares, it has now been judged more efficient to relocate the Group's senior executives to Norway. The effects of this decision upon other Group staff units will now be analysed in close consultation with the employees involved. For more information: Paul Emberley, Vice President Group Communications: +44 (0)20 7339 1035 or +44 (0)7768 813090. 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.
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