Niels Stolt-Nielsen today sought to temper expectations around an IPO for Stolt Tankers but left the door wide open for a standalone listing of the company.
Stolt-Nielsen says the Oslo-quoted company has started a process of separating the tanker division from the remainder of the business but suggested analysts were "running a little fast" on the matter.
Chief executive Stolt-Nielsen said on a conference call that the board had approved the creation of a "clean structure" for Stolt Tankers that is still 100% owned by the existing public company.
