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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