Diana Shipping hikes shares stake in Genco to become largest shareholder

Diana Shipping Acquires Nearly 10% Stake in Genco - mfame.guru

Greek dry bulk shipowner Diana Shipping has raised its stake in U.S.-listed Genco Shipping & Trading to 9.99%, acquiring 4.29 million shares for approximately $61.7 million. The investment, made using internal funds, is stated to be for passive purposes, with no indication of a board-level or activist intent. Diana follows other maritime investors, including George Economou and Berge Bulk, in taking significant positions in Genco in recent month…

Diana Shipping reaches near 10% stake in Genco

Greek dry bulk owner Diana Shipping has increased its stake in US-listed peer Genco Shipping & Trading. Filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana paid a total of around $61.7m for 4.29m of Genco’s shares, corresponding to a 9.99% stake. In July, Diana disclosed a 7.7% position in Genco …

Diana Shipping hikes shares stake in Genco to become largest shareholder

Greek shipowner has snapped up a further 1m shares in its New York counterpart