The Oslo-listed shipbuilder raised $60m from the oversubscribedprivate placement of 2.25 million shares to institutional investors in the US,it said today.
Aker Philly will use the cash raised primarily to fundconstruction of the four product tankers it is building for Crowley Maritimefor delivery in 2015 and 2016.
"We appreciate the strong interest shown in AKPS andare pleased to have strengthened our balance sheet in a way that givesflexibility to capitalize on attractive opportunities in the Jones Act," saidCEO Kristian Rokke.
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