The flotation began with an offer of 750,000 shares, increased by 115,000 during the day when Nordtank's majority shareholder, Union Bank of Switzerland, relinquished all but 5% of its 75% holding. By the end of the day Nordtank had 4000 new shareholders -- and DKK 49 million ($8.4 million) in new capital. The major shareholder is now Nordtank's managing director, Vagn Trend Poulsen, who after the flotation owns 20%.
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