Investment bank Morgan Stanley has emerged as the buyer of 10.6m Star Bulk Carriers shares sold by private equity backer Oaktree Capital Management.
Finance sources told TradeWinds that the Oaktree block — more than a quarter of its total holding — was sold after close of trading on 24 May at between $21 and $21.50 per share, yielding total proceeds of between $223m and $228m.
