Scorpio Tankers wants more capital for expansions

Scorpio Tankers is looking to the stock market in order to secure capital for a fleet expansion. The company has performed an underwritten public offering of shares for a total  of approximately USD 200 million.

Rapidly growing tanker company Scorpio Tankers has performed an underwritten public offering of shares for a total of USD 200 million. This happens a few days after the company published a financial report showing a lower result than expected.

"The net proceeds of this offering are expected to be used for product tanker vessel and LPG carrier acquisitions, working capital and other general corporate purposes," writes Scorpio Tankers in a press release.

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