Cavotec to launch share offer

Cavotec MSL hopes to raise finance for its innovative ship vacuum mooring system
Industry Database

A share offer in the range of NZ$25m (US$17.4m) to NZ$50m (US$34.8m) is expected from NZXlisted international company Cavotec MSL.

Having previously struggled to raise the finance necessary to fully market its revolutionary vessel vacuum mooring system, New Zealand company Mooring Systems entered into the merger with the Dutch-based Cavotec Group at the turn of this year. 

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