Norway’s Wilh Wilhelmsen Holdings has put $1.2m on the table to boost its holding in Wallenius Wilhelmsen shares while they are selling at $20 under their recent peak.

Wilh Wilhelmsen chief executive officer Thomas Wilhelmsen did not respond to a request for comment.

A company spokesman pointed out that the purchase does not significantly change the company’s holding, but she would not be drawn on whether Wilh Wilhelmsen might take further advantage of the slump in Wallenius Wilhelmsen’s share price since its quarterly results announcement.