The BW Group has sold off another chunk of Dorian LPG.
This time, the Andreas Sohmen-Pao-led company dumped more than 600,000 shares, bringing its total position in the Connecticut-based LPG carrier owner under 7 million shares to 6.6 million.
Last summer, BW attempted a takeover of Dorian LPG, but was rebuffed by founder John Hadjipateras, who told TradeWinds in April that shareholders would rewarded for investing in a company with a very young fleet in due course.
In late trading Monday, Dorian shares were flat, trading at $9.60.
Three weeks ago, BW started selling off Dorian shares. The company started with 7.7 million.
It remains the second largest shareholder in Dorian, behind Kensico Capital Management, with 8 million shares.
Wellington Management Group is the third largest Dorian shareholder, with 5.7 million shares.
