US-based equity fund buys stake in Songa Bulk

US-based equity fund Evermore Global Advisors now owns a little over 10 percent of Norwegian dry bulk shipowner Songa Bulk, which is controlled by shipping investors Arne Blystad and Herman Billung.

by NIKLAS KRIGSLUND

Evermore Global Advisors (EGA), a US-based equity fund, has increased its investment in Songa Bulk and now owns a little over 10 percent of the Norwegian dry bulk carrier.

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