The new Subsea 7-OHT offshore wind installation company Seaway 7 ASA has opened for business.
The combined entity retains OHT’s listing on Oslo’s Euronext Growth market, with a view to a future listing on Oslo Børs.
Seaway expects the new shares to be registered with the Norwegian Register of Business Enterprises on 4 October 2021.
Seaway’s shares will continue to be traded on Euronext Growth, with trading starting on 5 October 2021.
The company’s name and ticker symbol are in the process of being changed to Seaway 7 ASA and SEAW7 respectively.
The market will be informed when the new shares have been registered with the Norwegian Register of Business Enterprises and Seaway says it will confirm when the first day of trading with the new name and ticker will take place.
Seaway 7 incoming chief executive officer Stuart Fitzgerald said: “We are very pleased to reach this milestone and begin operations as the newly combined Seaway 7 Group.
“The industrial logic of the combination, which strengthens and broadens our offering, whilst adding differentiated assets to a market leading capability and track record, has been well understood by our clients, investors and employees.
“We look forward to positioning Seaway 7 as one of the market leaders in the delivery of bottom-fixed offshore wind farm solutions, contributing to an efficient and sustainable energy supply for the future.”