Navios Maritime To Acquire Capesize Vessel For US$28.8 Million

Published: Jul 27 2017
Deal Summary

Navios Maritime Partners L.P., an owner and operator of drybulk and container vessels, agreed to acquire Capesize vessel for purchase consideration of US$28.8 million (MM).

Of the total consideration, Navios Maritime will pay US$2.1 MM through issuance of 1 MM shares, at a price of US$2.1 per share.

The vessel is 2010 Hyundai-built Capesize vessel, with dead weight tonnage of approximately 179,314 tons.

The transaction will enable Navios Maritime to expand its fleet of vessels. The transaction is expected to be completed in the third quarter of 2017, subject to signing of definitive documentation.

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