Private equity firm Oaktree Capital Management has found a buyer for its stake in Eagle Bulk Shipping.
And that buyer is Eagle Bulk Shipping.
The New York-listed bulker owner has agreed to buy up Oaktree’s 3.8m shares, which amounts to a 28% stake, for more than $219m.
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Ship finance is a riddle industry players need to solve to survive in a capital-intense business.
