The agreement sees six million of his shares in the tanker owner pledged to the bank in a derivative contract.
In exchange, Livanos secures some funds instantly while still being in a position to profit from upward movements of the stock.
Goldman has sold a portion of the shares in the US last night to cover its own exposure to the hedge and further stock has been sold in the European market for the same reason, TradeWinds understands.
“This
