Private-equity investor York Capital Management has registered to sell the shares in Tsakos Energy Navigation (TEN) that it acquired in partial compensation for two VLCC newbuilding resales in July.
York is registering 2.63 million TEN units for potential sale, according to filings with the US Securities and Exchange Commission (SEC).
The transaction brought York to a 3% holding in the Tsakos family’s listed US vehicle.
