Chilean owner Ultrabulk has now achieved its share purchase target at U-Sea Bulk.
The initial plan was to gain a more-than 90% ownership of the Copenhagen-based dry-bulk operator.
In a report today it informed the market that it now held a total of 24,522,602 shares, equivalent to 90.49% of U-Sea.
As TradeWinds reported yesterday, the company now intends to force through a compulsory takeover of the remaining shares.
The
