Saga Tankers owner to cash huge dividend
Saga Tankers, controlled by investor Øystein Spetalen, will at the upcoming general assembly pay out dividends corresponding to almost half the company's market value.
by OLE ANDERSEN
Oslo-listed Saga Tankers will pay out dividends of NOK 391 million (USD 46.4 million) corresponding to almost half the company's market value. For the majority stakeholder, Norwegian Øystein Spetalen, who owns close to 60 percent of the shares in the company, this will trigger a payment of around NOK 250 million, writes TDN Finans according to Dagens Næringsliv.
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