Cadeler closes 2020 with EUR 27m deficit, nominates shipping profile as board chair

In the wake of Cadeler's full-year financial statement published Tuesday, showing a 27 million-euro deficit, BW Group is now in preliminary talks about acquiring a larger stake in offshore wind service operator, which expects to see results improve this year on the heels of an eventful 2020.

Andreas Sohmen-Pao has been nominated as new chairman of Cadeler. | Photo: PR-foto BW Group

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