Cavotec to launch share offer

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.

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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.