Investor Selling up to 10% of d'Amico

MarineLink.com
Thursday, March 06, 2014
Photo: d'Amico

Reuters - The main shareholder in D'Amico International Shipping has launched a placement of up to 42.2 million shares, or about 10 percent in the Italian shipper, the company said on Thursday.

In a statement, it said the shares will be sold via an accelerated bookbuilding to boost liquidity in the stock amid interest from Italian and institutional foreign investors.

Final terms of the deal will be disclosed on Friday.

(Reporting by Danilo Masoni, editing by Stephen Jewkes)

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