Renewed speculation about Overseas Shipholding Group (OSG) and American Shipping Company (AMSC) follows a regulatory filing in which the Oslo-listed owner’s biggest shareholder confirmed it is exploring “strategic alternatives” on the company’s behalf.
Converto Capital told investors that it no longer intends to offload shares of the operator after determining that there are more attractive ways to monetise its stake.
The firm, which is backed by Norwegian shipping magnate Kjell Inge Rokke, identified mergers-and-acquisitions as one of the options it intends to explore.
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