Elliott takes ‘significant’ stake in Japan shipper Mitsui OSK

Elliott Investment Management said on Wednesday that it has a built a “significant” investment in Japanese shipping company Mitsui OSK Lines, confirming an earlier Reuters report. 

Why it matters

Mitsui OSK’s shares extended gains and were up around 12% after Reuters reported the investment. Elliott believes Mitsui OSK should conduct a review of its real estate portfolio and consider relisting subsidiary Daibiru, the sources familiar with the matter also said.