New York-listed DHT is paying $317m for the ships and taking on debt of $260m to see through the much anticipated transaction.
DNB Markets analysts led by Nicolay Dyvik say DHT is now “free as a bird” after the deal, suggesting its stock will now move up.
DHT is issuing $150m in shares and a further $150m in notes to help fund the transaction, which takes its VLCC fleet to 20 vessels.
