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Svitzer chairman says the towage major is ready for acquisitions after listing

Morten Engelstoft, chairman of tugboat company Svitzer, expects that it will likely take a few weeks for the share price to settle.

Morten Engelstoft | Photo: PR-foto Svitzer Group

by DAG HOLMSTAD

Svitzer, which went public on Tuesday with a value of around DKK 7bn (USD 1bn), sends a clear signal to competitors from the outset regarding acquisitions.

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