Interest in TORM cools
The share price in Danish tanker firm A/S Dampskibsselskabet TORM dropped 5.7 percent to DKK350 ($62.16) on morning trading today on the Copenhagen Stock Exchange after Greek investment company Beltest Shipping said it has not received any offers since late November.
Beltest announced last month that it has been approached about selling its majority 32.2 percent shareholding TORM, after which the tanker company initiated a valuation assessment amid steep share price increases.
'Beltest has not received any unsolicited offers since its letter of Nov. 27,' said Nicos Zouvelos, Beltest's general manager.
'We appreciate our positive discussions about TORM and its potential,' he added.
Interest in TORM cools
