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Bulk Invest shares suspended on Oslo Stock Exchange

The shares of struggling dry bulk unit Bulk Invest, previously Western Bulk, have been suspended from trading on the Oslo Stock Exchange on Thursday.

The Oslo Stock Exchange and the Financial Supervisory Authority of Norway have acted on a request from Bulk Invest and have on Thursday suspended the struggling dry bulk carrier's shares from trading on the prominent shipping exchange, according to a press release.

Bulk Invest was formed through a complex process in which the former Western Bulk spun of its chartering unit WB Chartering in an attempt to raise funds for the carrier's continued operations.

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