Scana Industrier ASA’s (OSE: SCI) Scana Steel Björneborg has scored a three-year supply agreement with Rolls-Royce for propellers and shaft lines for different types of vessels. Piping, liner, composite and welded cladding installation will also be provided. The annual value of the contract is approximately 75 million SEK.
Scana held an Extraordinary General Meeting on Monday. Three new board members were elected in Knut Øgreid, Per Ravnestad and Kristin Malonæs. This means that the share is now trading ex-subscription rights and the large number of new shares coming some weeks later is still affecting the way the stock’s value is perceived. Scana was initially up strongly but fell back and closed in the red.
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