ShippingWatch

Unknown major DFDS shareholder on the brink to flag

One of London City´s major equity funds located in fashionable Mayfair can celebrate two years´ of contionus gains as a prominent owner of DFDS shares. Find out who, how big the gain is, and how close the fund is to flag its ownership.

Without making a big deal about it, one of DFDS' shareholders has quietly and steadily bought up shares in the successful Danish shipping company to the extent that, before long, it looks set to cross the magical divide and to become a major shareholder.

According to a number of market sources ShippingWatch has spoken to, investment fund Artemis Global Income Fond has been purchasing DFDS shares since 2013 which brings the fund close to the five percent ownership in the company that, according to Danish stock exchange rules, will require the shareholder to flag its stake publicly, as the share volume is considered significant by the rules. Whether that will happen, the same sources explain, is not certain, as the shares may be owned by a variety of different legal entities under Artemis. But overall, the Canary Wharf-based fund's stake in DFDS is extremely close to the 5 percent threshold.    

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs