The price made Ziton call off large-scale share issue

Wind service ship operator Ziton has shelved a planned share issue that was aimed at raising upwards of EUR 100 million. The plans turned out to be too costly to realize, says CEO. The shipping company has instead tapped the bond market.

Photo: PR / Ziton

Offshore wind service ship operator Ziton has decided to shelve a planned share issue, which was intended to raise around EUR 100 million.

In the fall, Danish Ziton announced its plans to raise upwards of EUR 100 million in a private placement of shares, which was likely set to happen on the alternative Oslo exchange Merkur Market.

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