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Vard Holdings

Last Done	Change	Volume	Range
1.080	-0.030 (-2.70)	11,018	1.070 - 1.105

STX OSV: Becomes VARD.

06 Mar 2013 09:37 STX OSV Holdings Limited is pleased to announce that the it will adopt the new brand name VARD. The adoption of the new name, logo and brand identity follows the sale of STX Europe's majority stake in the company to Fincantieri Oil & Gas. Being derived from the Norwegian word "varde", which refers to a small tower of stones used since ancient times as a navigation mark along the coast to guide ships, the name embodies the Company's maritime heritage and long history in shipbuilding. It also symbolizes its ambition to lead the way in the industry, reflecting VARD's size, position and goal to be a preferred partner for technologically advanced solutions in the global offshore support vessel market...

More information available here.

Source: ShareInvestor Express

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