MEAG invests €150m in Fred. Olsen Windcarrier for growth

Fred. Olsen Ocean Ltd., a Bonheur ASA subsidiary, has agreed to a €150 million long-term investment from MEAG MUNICH ERGO Asset Management GmbH in Fred. Olsen Windcarrier ASA. The transaction includes €70 million for existing shares and €80 million for new shares, with €30 million subscribed at initial closing and the remaining €50 million in Q3 2027. This values Fred. Olsen Windcarrier's pre-money equity, including an extraordinary €54 million dividend to Fred. Olsen Ocean, at approximately €600 million.

Prior to the initial closing, Fred. Olsen Windcarrier will distribute an extraordinary dividend of €54 million to Fred. Olsen Ocean. Fred. Olsen Ocean will provide a short-term shareholder loan of €29 million back to Fred. Olsen Windcarrier. Following the second closing in Q3 2027, affiliates of Munich Re are projected to hold roughly 24 percent of Fred. Olsen Windcarrier's share capital.

The partnership aims to accelerate Fred. Olsen Windcarrier's growth and further development. The transaction is subject to clearance by the German Federal Cartel Office, with initial closing anticipated by the end of January 2026. This announcement, published on December 19, 2025, is considered inside information under EU Market Abuse Regulation.