Kristian Siem teams up with equity fund for offshore acquisitions

Alongside equity fund Elliot, Norwegian shipping magnate Kristian Siem plans to utilize the weak market through acquisitions. Everything is on the table, Kristian Siem tels ShippingWatch.

BY JOHANNES HARTKOPF-MIKKELSEN

Through the recently established fund Siem Oil Service Invest Ltd, Norwegian shipping magnate Kristian Siem and New York-based equity fund Elliot Capital Management plan to target acquisitions in Norwegian offshore.

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