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Western Bulk Chartering invites investment

Western Bulk Chartering (WBC) is to offer existing shareholders in Bulk Invest the chance to buy shares in Kistefos Equity Operations, the chartering unit’s new parent company.

Oslo-listed Bulk Invest, formerly known as Western Bulk, sold WBC to Kistefos in early February. The Norwegian private investment firm is led by Christen Sveaas, who is Bulk Invest’s chairman.

The Kistefos shares will be offered pro rata to shareholders’ existing equity in Bulk Invest. The record date for the right to acquire the shares will be February 29, a filing said today.

Kistefos also has interests in Copenhagen-based Viking Supply Ships, which operates a fleet of offshore service vessels and icebreakers; and TransAtlantic, which is based in Gothenburg and operates RoRo and containerships within the Baltic and northern Europe.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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