Emanuele Grimaldi says his investment in Hoegh Autoliners is one of a series of profitable stakes in Norwegian-listed car carriers — not the precursor of a takeover bid.
Speaking after it was disclosed that his investment in Hoegh Autoliners had breached the 5% threshold, Grimaldi said he had similar-sized stakes in both Wallenius Wilhelmsen and Gram Car Carriers.
