Sale of Skaugen

As part of its strategy to grow and diversify its portfolio, in 2010 nogaholding purchased 35% shares in Skaugen, a vessel owing company which transported petrochemical gases, mainly from Saudi Arabia to the Far East. In 2017, nogaholding exited its investment in Skaugen, selling its ownership interest to Sonoma LLC.

Newton Legal acted as counsel for nogaholding in the share transfer process.

Our involvement included:

  • Carrying out a due diligence study
  • Drafting and negotiating the share transfer agreement and resolutions
  • Carrying out the procedures to effect the share transfer