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Council from Yorkshire builds major stake in Tufton Oceanic
East Riding, a council in the northern English county of Yorkshire, has emerged as a major stakeholder in the fast growing private equity firm Tufton Oceanic. East Riding has now built up an 11% share in the maritime-focused fund manager having bought 10m shares.
Tufton Oceanic’s IPO was held on December 20 with the issuance of 91m shares priced at $1 each.
Tufton Oceanic had a very busy 2017 snapping up vessels in just about every ship sector.