Swire Pacific sells $75m stake in Cadeler

Swire Pacific is selling down in Denmark-based offshore vessel owner Cadeler. The Oslo-and New York-listed Cadeler said Swire had struck a deal to sell around 12.35m shares to institutional investors at NOK64 share ($6.06). The deal worth about $75m will see Swire offload 3.5% of its stake, leaving it with just under 5% ownership interest …

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