Call it a little something for everyone in the Scorpio Group’s pair of public companies.
For wind-power specialist Eneti, it has $83.3m more in cash on its balance sheet after selling its entire holding of 2.16m shares in sister company Scorpio Tankers, which is one of the world’s largest product carrier owners.
A standard discount
Meanwhile, Scorpio has news for all the equity analysts and shareholders who have been looking for stock buybacks. It is the buyer of 1.3m