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Oslo IPO to finance future growth at Western Bulk

Western Bulk aims for a listing on Oslo Stock Exchange in September. The CFO of the dry bulk operator says the primary reason for the decision is to "allow for growth".

Photo: Western Bulk

Oslo-based dry bulk operator Western Bulk, which is primarily owned by Kistefos, has announced its entry onto the Oslo Stock Exchange. The primary reason is to enable growth, Kenneth Thu CFO at Western Bulk tells ShippingWatch.

In addition to growth possibilities, Western Bulk wishes to "allow for scale on investments made in recent years and benefit from the prevailing strong dry bulk market conditions," Thu says.

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