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Brostrom takes bigger holding in its fleet.

Europe Intelligence Wire

| February 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

BROSTRoM has made further progress on the company's strategy of tidying up the ownership of its fleet by increasing its holding in three vessels, writes Tony Gray.

The leading Swedish product and chemical tanker group is acquiring part shares in three 14,000 dwt-16,000 dwt vessels, Bro Transporter (12.3%), Bro Traveller (1.2%), and Navigo (14.75%).

Brostrom is paying for these ownership interests with 196,241 new 'B' shares, worth SKr19.03m ...

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