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Stock impact report

Castor Maritime Inc. Announces the Completion of the Acquisition of a Majority Stake in MPC Münchmeyer Petersen Capital AG [Yahoo! Finance]

Castor Maritime Inc. - Common Shares (CTRM) 
Company Research Source: Yahoo! Finance
LIMASSOL, Cyprus, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping and energy company, announces that on December 16, 2024, Thalvora Holdings GmbH, a wholly owned subsidiary of the Company, completed the acquisition of 26,116,378 shares of common stock representing 74.09% of the share capital of the Frankfurt-listed investment and asset manager MPC Münchmeyer Petersen Capital AG (Deutsche Börse, Scale, ISIN DE000A1TNWJ4) (“MPC Capital”) from Münchmeyer Petersen & Co. GmbH at the agreed price of €7.00 per share, which is equal to an aggregate consideration of €182.8 million (approx. USD 192.6 million equivalent). In connection with the closing of the transaction, the composition of the Supervisory Board of MPC Capital will change to consist of Mr. Ulf Holländer and two new members, Mr. Petros Panagiotidis, Chief Executive Officer and Chairman of the Company, and Mr. Petros Zavakopoulos. Mr. Panagiotidis Show less Read more
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