Divestment of product tanker vessels

KIRK KAPITAL has entered into agreements to sell all of its product tanker vessels.

The transactions will close over the coming months.

 

The divestment completes the phase-out of KIRK KAPITALs shipping activities, which was announced in connection with the release of our 2017 annual report.

 

“The sale of our shipping activities is an important step in the execution of our revised strategy. The sale releases capital which will be redeployed into acquisitions of larger minority positions in Scandinavian companies,” says Kim Gulstad, CEO of KIRK KAPITAL