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.