Scorpio Tankers snaps up $89m of DHT shares

Monaco-headquartered product carrier major Scorpio Tankers has picked up $89m-worth of stock in VLCC owner DHT. The Emanuele Lauro-led firm revealed in its third-quarter earnings, which showed a $158.7m in net profit, that nearly 8m common shares of DHT had been acquired at an average of $11.17 each. The shares acquired are equal to 4.9% …

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