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Singapore’s BW Group has offered 5.1% of its shareholding in Oslo-listed Hafnia to again the product tanker big’s twin itemizing scheme.
The sale included 26m out of some 246m shares (48.23% stake) BW held in Hafnia, priced at NOK73.
Hafnia stated in a submitting that the aim of the sale was to boost the buying and selling liquidity in its shares in help of its deliberate twin itemizing within the US and to rebalance the BW Group’s portfolio of 18 group firms. Earlier this month, BW additionally put on the market some $82.9m price of shares in VLCC proprietor DHT.
The Andreas Sohmen-Pao-led maritime conglomerate will money in about NOK1.9bn ($178m) from the most recent transaction through which DNB Markets, Fearnley Securities and Pareto Securities acted as joint coordinators and bookrunners.
Hafina’s transfer for a New York itemizing was revealed final November. The proprietor and operator of about 130 tankers delivered a document revenue of $793.3m in 2023, marking its highest full-year consequence for the second 12 months. The corporate ended the 12 months with 116 owned tankers, valued by brokers at almost $5bn.
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