MPC Container Ships Acquires Fleet Worth $130
By Aiswarya Lakshmi
November 26, 2017
The Oslo, Norway-based MPC Container Ships AS has entered into a commitment to acquire a fleet of feeder container vessels with a total purchase price of USD 130 million.
MPC Container Ships was formed in April 2017. Its main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU.
The company has also announced the successful completion of the private placement of 30.25 million new shares announced on 22 November 2017. The Private Placement was completed at a subscription price of NOK 47.50 per share, which was determined through an accelerated book-building process.
The Private Placement will raise gross proceeds of approximately USD 175 million. The net proceeds from the Private Placement will be used to pursue future investments in container vessels and general corporate purposes.
DNB Markets, part of DNB Bank ASA, and Fearnley Securities AS have acted as joint managers and bookrunners of the Private Placement.
