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Munich Re Affiliates Invest EUR 150 Million in Bonheur’s Offshore Wind Carrier Unit

Story Highlights
  • Bonheur’s Fred. Olsen Ocean will sell a 24 percent stake in offshore wind installer Fred. Olsen Windcarrier to Munich Re affiliates for EUR 150 million, valuing the company at about EUR 600 million.
  • The transaction, combining share purchase and new capital, aims to fuel Fred. Olsen Windcarrier’s growth in offshore wind services and is expected to close initially by January 2026 pending German antitrust approval.
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Munich Re Affiliates Invest EUR 150 Million in Bonheur’s Offshore Wind Carrier Unit

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Bonheur ASA ( (BNHUF) ) has provided an announcement.

Bonheur ASA’s subsidiary Fred. Olsen Ocean has agreed to bring in Munich Re Group affiliates, advised by MEAG, as a minority investor in offshore wind installation specialist Fred. Olsen Windcarrier through a EUR 150 million transaction that values the company’s equity at around EUR 600 million. The deal comprises EUR 70 million for existing shares and EUR 80 million in new capital, split between an initial and a 2027 closing, alongside an extraordinary EUR 54 million dividend and a short-term shareholder loan within the group; once completed, Munich Re’s affiliates are expected to own about 24 percent of Fred. Olsen Windcarrier. The partnership is intended to leverage MEAG’s infrastructure investment expertise and Fred. Olsen Windcarrier’s industrial platform to accelerate growth and further develop the business, strengthening Bonheur’s position in offshore wind services, subject to clearance from the German Federal Cartel Office before an expected initial closing by January 2026.

More about Bonheur ASA

Bonheur ASA, through its wholly owned subsidiary Fred. Olsen Ocean Ltd., operates in the renewable energy and offshore wind services sector. Its subsidiary Fred. Olsen Windcarrier ASA provides specialized offshore wind installation and related marine services, positioning the group as an industrial player in the growing European and global offshore wind infrastructure market.

Average Trading Volume: 24,144

Current Market Cap: NOK9.95B

Find detailed analytics on BNHUF stock on TipRanks’ Stock Analysis page.

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