Through its subsidiary Den Norske Amerikalinje AS, Treasure ASA has sold 1,04%
of outstanding shares in Hyundai Glovis Co. Ltd. ("Hyundai Glovis") against net
proceeds of approximately 62,5 mUSD. After the sale Treasure ASA owns 11% in
Hyundai Glovis.
Thomas Wilhelmsen, Chair of the Board of Treasure ASA, and Group CEO at Wilh
Wilhelmsen Holding ASA, confirms that the strategic relationship with Hyundai
Glovis remains unchanged, referring to a recent string of agreements and
co-operation initiatives between the Wilhelmsen group and Hyundai Glovis.   
The Board of Treasure ASA acknowledges that the proceeds are available for new
investments or distribution to shareholders. More information will follow in due
course before the Annual General Meeting on 16 March 2021.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange