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Unnamed Investor Eyes Buying Up to 5% of EMGS

Posted by September 24, 2014

An unnamed investor is considering buying up to 5 percent, or 10 million shares, in Norwegian seismic surveyor EMGS at a price of 4.10 crowns per share, Oslo-based brokerage Arctic Securities said on Wednesday.

The share price close at 3.70 crowns for the day.

The offer will end at 2000 GMT on Wednesday, Arctic added.

EMGS maps out the seabed for oil and gas companies on behalf of oil companies.

(Reporting by Gwladys Fouche, editing by Terje Solsvik)

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