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Stolt-Nielsen Plans to Move Parent Company to Bermuda

1:41 AM MDT | July 12, 2010 | Natasha Alperowicz

Stolt-Nielsen S.A (Oslo) has announced plans to move the location of the parent company to Bermuda from Luxembourg, where SNSA is currently registered. Luxemourg's special holding company status will end as of December 31, 2010 as part of ongoing initiatives to harmonize laws and regulations among the member states of the European Union. The proposed move is intended to enable the company and its shareholders to continue to benefit from a legal structure similar to that which the company has experienced as a holding company in Luxembourg since 1974. The proposal...

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