Grindrod Shipping Holdings Ltd. Announces Update Relating to the Acquisition of Additional 33.25% Stake in IVS Bulk Joint Venture
Grindrod Shipping Holdings Ltd. - Ordinary Shares (GRIN)
Company Research
Source: GlobeNewswire
SINGAPORE, Jan. 02, 2020 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or "Company" or “it” or “we”), a global provider of maritime transportation services in the drybulk and product tanker sectors, provided an update relating to the planned acquisition of an additional 33.25% stake in its IVS Bulk joint venture (“IVS Bulk” or “JV”). Grindrod Shipping is progressing negotiations to acquire all of the 33.25% ordinary and preference shares in IVS Bulk held by one of its two JV partners for approximately $44.2 million, thereby increasing our stake in the JV to 66.75%. In the event the transaction is implemented as anticipated, we will consolidate IVS Bulk’s financial results into our financial results going forward. Term sheets have been executed with lenders and the parties are in the process of negotiating the financing and other transaction documentation. All of the planned new finance facilities and the agreement to acquire th
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- Grindrod Shipping Holdings Ltd. Announces Results of the Extraordinary General Meeting Held on June 20, 2024 [Yahoo! Finance]Yahoo! Finance
- Grindrod Shipping Holdings Ltd. Announces Results of the Extraordinary General Meeting Held on June 20, 2024GlobeNewswire
- Grindrod Shipping Holdings Ltd. Announces Despatch of Circular and Notice of Extraordinary General Meeting to ShareholdersGlobeNewswire
- Grindrod Shipping: Still Not My Favorite Dry Bulk Stock [Seeking Alpha]Seeking Alpha
- Grindrod Shipping: Minority Shareholder Buyout Proposal Might Not Pass [Seeking Alpha]Seeking Alpha
GRIN
Sec Filings
- 6/20/24 - Form 6-K
- 5/28/24 - Form SC
- 5/14/24 - Form SC
- GRIN's page on the SEC website