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-

Photo: Arkivfoto

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.

Søren Johansen, partner at private equity fund Altor, which owns 35 percent of the company and participated in the IPO, stresses that Altor maintains confidence in the company and tells ShippingWatch in an email:

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