American Shipping Company ASA (ASCJF) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Aker ASA has restructured its financial exposure in American Shipping Company ASA by terminating and renewing total return swap (TRS) agreements through its subsidiary, Aker Capital AS. The new agreements with DNB Bank ASA and Skandinaviska Enskilda Banken AB maintain Aker Capital’s exposure to 30.83% of AMSC’s shares. Additionally, Aker Capital directly holds 19.07% of AMSC shares, indicating a strategic positioning in the company.
For further insights into ASCJF stock, check out TipRanks’ Stock Analysis page.