Major shareholder got out of OW Bunker in time

In eight days, a US-based private equity fund and major shareholder in OW Bunker managed to divest its entire stake, thus dodging a painful loss.

Photo: Andreas Vallbracgt-Prachtvoll/Jyllands-Posten

Bankrupt OW Bunker's second-biggest shareholder managed to divest all its shares ahead of the collapse.

US-based investment fund Cantillon Capital Management LLC was able to divest its entire stake, worth USD 24.4 million, in the period from October 23. and ten days forward, before OW Bunker was put on matching halt on November 5. and was subsequently forced to file for bankruptcy.

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