Scorpio Tankers has taken its shareholding in DHT Holdings from 4.9% to 7.45%, at a cost of USD 131.5 million.
“Scorpio acquired the securities reported herein for investment purposes in the ordinary course of business because of its belief that the Issuer presents an attractive investment based on the Issuer’s business prospects and strategy,” DHT stated.
The disclosure was made in a filing with US securities regulators after the end of trading in New York on Wednesday. TradeWinds reports that Scorpio has changed the filing status to a category sometimes indicating merger-and-acquisition motives.