Scorpio Tankers to offer 20M shares

|About: Scorpio Tankers Inc. (STNG)|By:, SA News Editor

Scorpio Tankers (STNG) plans to offer 20M common shares to raise funds for acquiring more fuel-efficient tanker vessels in an effort to gain an edge in a competitive market.

STNG recently had ~164.7M shares outstanding.

Shares -6.1% premarket.