Oster Shipping AS has sold Oster Pukk og Sand AS to Group De Cloedt for an undisclosed consideration.
Oster Pukk og Sand AS, a subsidiary of Oster Shipping AS, is a major quarry and rock crushing plant in Norway. The company, with more than 125 years' experience, produces and sells stone materials for asphalt, concrete, rail, road and offshore purposes.
Group De Cloedt is a Belgian group with four divisions: dredging, aggregates, ready-mixed concrete and environment and soil cleaning. The group has expanded internationally through acquisition in France, Holland, the United Kingdom, Norway and Denmark.
Oster Shipping AS is a specialist ship operator in the dry cargo sector. The company operates in the European coastal dry bulk trade, with particular emphasis on the carriage of aggregates, gravel and asphalt to a number of European ports and also destinations along the Norwegian coast.
Oaklins' team in Norway advised the seller in this transaction.
Nikolai K. Lunde
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