ADSC has agreed to sell one of its three vessels for USD 25.5m
The Stratus is a 2002-built scrubber-fitted VLCC
This implies an ADSC NAV of NOK 26.1/sh (+60% vs share price)
An accretive transaction, but we don’t expect any extraordinary dividend
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Sale of ADS Stratus
ADSC has agreed to sell one of its three vessels for USD 25.5m
The Stratus is a 2002-built scrubber-fitted VLCC
This implies an ADSC NAV of NOK 26.1/sh (+60% vs share price)
An accretive transaction, but we don’t expect any extraordinary dividend