The company said it had raised $125m through the issuance of 10.55m new shares to institutional investors.
The stock sold at EUR 8.70 ($11.84), a 3% discount to Tuesday’s closing price.
The new shares represent 8.05% of its new enlarged capital.
The cash is going towards a deal announced on Tuesday to buy four VLCCs built in Japan with an average age of three years.
The
