BW Pacific will not go public at any cost

BW Group’s CEO, Carsten Mortensen, tells ShippingWatch that it will not take subsidiary BW Pacific public at any cost. An IPO was set to fund coming newbuildings and increase M&A opportunities.

Photo: D/S Norden

BW Pacific might be set to go public on the Oslo Stock Exchange, as announced in a press release Monday, but the IPO will not be pulled off at any cost.

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