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.
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