Braemar Shipping Services has offloaded half of its holding in technical services spin-off AqualisBraemar as it focuses on core shipbroking operations.
The company retained SpareBank 1 Markets as sole bookrunner to explore the disposal of up to 9.6m shares in the Oslo-listed operation, which was formed through the combination of Braemar’s spin-off with key competitor Aqualis in 2019.
The deal, completed on Thursday, netted Braemar £6m ($8.2m)
