Danish shipowner Soren Toft-Jensen has taken sole control of offshore vessel (OSV) owner A1 Offshore Solutions after a debt deal boosted his stake.
Toft-Jensen told Fyens Stiftstidende he converted DKK 50m ($22.24m) of debt to own 99.2% of the Svendborg operation's parent company A1 Partners.
His two co-founders in the two-year-old firm retain 0.4% each.
“You can write that the ownership relationship has changed with debt conversion, and you are right that it is now only me who is on the bridge and that the others do not have...
