Media: Equity fund sells all shares in struggling bulk carrier

Monarch Alternative Capital, which last year criticized the management of New-York listed Scorpio Bulkers, has now sold its entire stake of over ten percent in the struggling carrier.

BY OLE ANDERSEN

US-based investment and equity fund Monarch Alternative Capital has, according to Tradewinds, sold its entire stake in New York-listed Scorpio Bulkers, which is among the hardest-hit bulk carriers.

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