Extract from our Nordic M&A Newsletter

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Songa Bulk to merge with Axxis Geo Solutions
April 17, 2019

Norway-based Songa Bulk AS, which sold its entire dry bulk fleet last year, has made an agreement to merge with Axxis Geo Solutions. The exchange ratio in the merger is based on an equity value of Songa Bulk of NOK 17.9m. By completion of the Merger, AGS will constitute 96.6% of the combined company.

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