Effissimo has appetite for more K Line

Effissimo Capital has continued to increase its ownership stake in K Line.

The investment fund has brought its holding in the Japanese shipowner to more than 38%.

Singapore-based Effissimo upped its ownership in K Line from around 6% to more than 37% through a series of acquisitions from June to August.

Its move was seen at the time as a possible effort from Maersk Line to take over K Line.

But