Scorpio Bulkers needs to raise extra capital yet again
For the fourth time in three years, and only three months since the last time, Scorpio Bulkers is now looking to raise capital by offering new shares, a move which is expected to provide proceeds of USD 65 million. Deutsche Bank encourages investors to think things through.
BY TOMAS KRISTIANSEN
Scorpio Bulkers will once again try to tap investors for money even though it has only been three months since the last time. According to Deutsche Bank, this probably concerns the funding of the approaching fleet, which has made it necessary to call on financial markets for capital for the second time this year and the fourth time in just three years.
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