Swire Pacific to spin off wind farm unit in OsloBusiness | 8 Oct 2020 6:34 pm
Swire Pacific (0019) plans to spin off its wind farm maintenance services segment to list on the Oslo Stock Exchange of Norway, which is expected to be completed this quarter.
Swire Blue Ocean under Swire Pacific Offshore, a wholly-owned subsidiary, mainly carries out installation and maintenance services of wind turbines and wind farms in northern European waters.
Swire Pacific expects the spinoff would underpin the next phase of SBO’s expansion in emerging offshore wind markets in the United States and North Asia. Shares of the developer closed 0.52 percent lower at HK$38 today.