Scorpio Tankers today collected $200m from a share sale to support its merger with Navig8 Product Tankers.
New York-listed Scorpio has printed 50 million new shares at $4 each.
A further 7.5 million new shares have been made available to underwriters, potentially adding an extra $30m to the pile.
Scorpio announced the under the radar deal last night in a transaction that places an enterprise value on the Navig8 fleet of $1.18bn.
