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Tankers and Gas Finance Sale and Purchase

Scorpio sells MR tanker for ‘strong’ $39m and continues ship buybacks

Jefferies says price reflects secondhand market strength as New York-listed owner sells 2015-built STI Tribeca and exercises purchase options on five tankers

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Scorpio has sold a 2015-built MR tanker for $39.1m, a ‘strong’ price according to Jefferies that indicates the companies’ net asset value at $82 per share. The New York-listed owner also announced exercising purchase options on five leased tankers, reducing debt by $61.1m

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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