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Hafnia continues hunt for Ardmore but will not raise its offer

Hafnia continues its efforts to take over Ardmore, but the company is not preparing a new, improved offer for the competitor, says CEO Mikael Skov. He denies that Hafnia's offer is far too low, and he calls on shareholders to focus on the long-term benefits of merging the two companies.

Hafnia CEO Mikael Skov. | Photo: PR / Hafnia

Hafnia still wants to merge with competitor Ardmore Shipping, but the shipping company is not about to present a new and improved offer, CEO Mikael Skov tells ShippingWatch.

"No, we won't be making a new offer. We've sketched out a proposal for how to create more value for shareholders. We've sent this to Ardmore, and from there, it's up to Ardmore to decide what happens," he says, adding that Hafnia is surprised by the rejection.

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