Cadeler A/S, a prominent player in offshore wind services, is contemplating a re-domiciliation of its parent company to the United Kingdom. This strategic move follows the December 2023 business combination with Eneti Inc. While Cadeler has not made a final decision, it has initiated a comprehensive feasibility analysis to consider legal, tax, and other implications.
The company, listed on both the Oslo Stock Exchange and the New York Stock Exchange under the tickers CADLR and CDLR respectively, anticipates maintaining these listings if the re-domiciliation proceeds. Cadeler believes the shift could enhance its marketability and appeal to a wider, more diverse international investor base. The UK's legal framework, corporate governance standards, and tax environment are seen as potentially advantageous, aligning with the expectations of Cadeler's global investors post-merger.
In addition to possibly benefiting its corporate structure, Cadeler expects that a UK domicile would support its overall business strategy. This includes enabling a more substantial physical presence of its executive management in the UK and other key markets where the Cadeler Group operates.
The timeline for this potential transition, pending shareholder and other necessary approvals, is projected for the first half of 2025. Cadeler has committed to providing updates as more definitive decisions are made.
Cadeler, with an exclusive focus on the offshore wind sector, prides itself on its high-quality service delivery, innovative vessel designs, and dedication to safety and environmental standards. The company's expertise in offshore wind installation, operations, and maintenance positions it to play a pivotal role in the global shift toward renewable energy.
The news above is based on an SEC filing.
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