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Danish marine fuel company OW Bunker set for Copenhagen IPO

4 Mar 2014

Danish marine fuel company OW Bunker, which is owned by Swedish private equity firm Altor, is set to confirm its public listing plans this week, Reuters has reported.

The company was first reported to be planning an IPO the Copenhagen Stock Exchange in November last year.

The company, which posted earnings of $76.4m on revenues of 14.6bn last year, could be valued at up to $895m, said Danish newspaper Borsen.

Late last year one Altor’s founders is reportedly preparing to launch his own fund. Denis Viet-Jacobsen, who left Altor in 2011, is in talks about raising a new investment fund. He was among the firm’s four founding partners.

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