World Shipholding Ups Osprey Stake

January 23, 2001

World Shipholding Ltd has acquired another 0.11 percent of Osprey Maritime Ltd, bringing its total stake in the Singapore group to 73.74 percent, Reuters reported. World, a private company controlled by Norweigian shipping magnate John Fredriksen, sweetened its offer price for Osprey two weeks ago from S$1.00 to S$1.125 per share. Osprey shares were steady at S$1.12 on thin volume at midday on Tuesday. World said in a statement to the Singapore Exchange it had bought 389,000 Osprey shares in the open market on Monday at S$1.12 per share.

World Shipholding Ups Osprey Stake

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