MPC Container Ships ASA Acquires Songa Container AS for USD 210.25M

June 22, 2021

MPC Container Ships ASA (MPCC) entered into a share purchase agreement to acquire Songa Container AS for an aggregate purchase price of USD 210.25 million on a debt- and cash-free basis. The transaction adds 11 container vessels to MPCC's fleet, reinforcing its position in intra-regional container trades and creating scale and operating leverage for the combined company.

Buyers
MPC Container Ships ASA
Targets
Songa Container AS
Sellers
Songa Container AS shareholders (including Arne Blystad, Canomaro Shipping, Klaveness Marine)
Industry
Transportation
Location
Oslo, Norway
Transaction Type
Buyout

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