Aspo charts standalone future for ESL Shipping

AI Summary

Finnish dry bulk operator ESL Shipping is set for a standalone listing on Nasdaq Helsinki following the approval of a partial demerger plan by parent company Aspo. Aspo shareholders will receive shares in the newly formed ESL Shipping Group, separating ESL's assets and liabilities.

Finnish dry bulk operator ESL Shipping is being lined up for a standalone listing on Nasdaq Helsinki after parent Aspo approved a partial demerger plan. Under the proposal, Aspo’s 78.6% stake in ESL Shipping and the related assets and liabilities will be transferred to a newly formed company named ESL Shipping Group. Aspo shareholders will …