EMEA News
Major Investor Sells Holding in OW Bunker
Marine fuel player OW Bunker on Tuesday announced one of its major shareholders has sold shares in the company, reducing its holding to under 5 percent.
T Rowe Price, the global investment firm, reduced its holding in OW Bunker from 5.02 percent to an undisclosed amount.
OW Bunker's announcement was made pursuant to Danish securities legislation, but T Rowe Price has not yet publicly spoken of the reasons for its decision to sell.
According to Danish media outlet EnergiWatch, OW Bunker's remaining major shareholders are Cantillion Capital Management, Schroders, and OW Lux, who are in turn owned by OW Bunker's previous owners private equity firm Altor.
OW Bunker made its initial public offering (IPO) on the Nasdaq OMX Copenhagen exchange in March.
