Vard Confirms Cruise Contracts for the design and construction of two cruise vessels for Viking
Vard Holdings Limited is pleased to announce that the contracts for the design and construction of two cruise vessels for Viking have been confirmed. The total contract value is approximately NOK 5 billion.
A Letter of Intent (“LOI”) had been announced on 4 April 2018, with parties common intention to enter into final contract by mid-2018. The contracts for two vessels have now become effective.
The contract has been entered into in the ordinary course of business of the Company. It is not expected to have any material impact on the earnings per share or the net tangible assets per share of the Company for the current financial year. None of the Directors or the controlling shareholders of the Company have any interest, direct or indirect, in the above contract.
(Vard)
