Svitzer board recommends A P Moller buy-out

Svitzer tug

The majority shareholder in towage giant Svitzer has announced a recommended voluntary purchase offer for all issued shares in Svitzer with the aim of taking the company private.

A P Moller Holding made the announcement through through its subsidiary APMH Invest, adding that the Nasdaq listing of Svitzer a year ago has not ‘resulted in the expected investor interest’.

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