Stena to Remove Investment Restrictions

Leading Swedish shipping group Stena Line is following in the footsteps of its associate Concordia Maritime by removing all investment restrictions on its quoted shares. If the plan is sanctioned by the Government and is approved by shareholders at the forthcoming annual general meeting, all of the equity will be quoted in free shares. At present, only 2m of the 16m shares are available to foreign investors. Commenting on the move, Stena director Mats Kling told Marine Money “We are opening up the shares in response to the increasing interest expressed by overseas investors.”

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