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Camillo Eitzen plans to sell bulk arm

Camillo Eitzen plans to sell bulk arm
CAMILLO Eitzen has announced its intention to sell off all or part of Eitzen Bulk Shipping.

Camillo Eitzen plans to sell bulk arm.

CAMILLO Eitzen has announced its intention to sell off all or part of Eitzen Bulk Shipping.

The Oslo-listed shipowner said today it was looking at opportunities for the separately listed division of the company.

Eitzen Bulk was listed on the Copenhagen exchange in December last year after a strategic merger of OMX-listed Orion Shipping and the wholly owned bulk division within the Camillo Eitzen group.

In a statement to the Copenhagen stock exchange, Eitzen said it was looking to establish a broader shareholder base for the company, securing a larger free float and better liquidity in share of which the majority presently is owned by Camillo Eitzen and Eitzen Bulk Shipping management and senior members.


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