New York-listed Scorpio will record a gain of $11m on the deal, it told investors today.
In a statement the owner explained it purchased 7.50 million of its own shares, which have a street value of $66.5m today, using 3.42 million Dorian shares.
Scorpio does not name the other investor in the privately negotiated deal.
According to the shipowner’s annual report issue in April, Wellington Management was its largest shareholder with a 7.1%
