Major shareholder: Unfortunate OW Bunker downgrade

The declining oil price and OW Bunker's subsequent downgrade are unfortunate, says Søren Johansen, partner at equity fund Altor, which owns 35 percent of the shares in the company-

BY KATRINE GRØNVALD RAUN

It is never a good sign when a newly listed company is forced to perform a significant downgrade shortly after completion of the IPO. And Tuesday's forecast downgrade from bunker company OW Bunker to a result 20 percent below 2013 clearly represents bad news.

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OW Bunker downgrades 2014 result forecast
OW Bunker starts listed life with costly launch expenses
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OW Bunker now has 20,000 owners
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