A third Wilh Wilhelmsen company is set to complete a stock listing in June.

The unwinding of Treasure, which will hold the company’s shares in Hyundai Glovis, has been approved and shares are pencilled in for a first day of trading on 8 June, a statement said.

An initiative to list a company controlling Wilhelmsen’s valuable 12.04% stake in Hyundai Glovis was revealed in February in a move widely applauded by analysts.