Equity fund made big profits on separated OW company
The severely criticized equity fund in the OW Bunker case, Swedish Altor, made a good profit in 2014 on the company Wrist Ship Supply, which delivers supplies to the offshore sector and ships. The company increased its profits by 37 percent to USD 14.88 million.
BY OLE ANDERSEN
The equity fund Altor separated the company Wrist Ship Supply from now-collapsed OW Bunker one year ago. Wrist Ship Supply has now, for the fifth consecutive year, achieved a significant increase in both profits and revenue, says the company in a press release on Wednesday.
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