Brief: D'amico To Sell Two Vessels Generating Net Cash Of About USD 16.3 Mln

dAmico International Shipping SA

07/07/2020 08:00

July 7 (Reuters) - d'Amico International Shipping SA
 B7C.MI :
    * SAYS ON MONDAY UNIT D'AMICO SIGNED MEMORANDUM OF AGREEMENT
FOR
SALE OF TWO SHIPS MT HIGH PROGRESS AND MT HIGH PERFORMANCE FOR
CONSIDERATION OF USD 12.95 MLN PER VESSEL
    * DEAL TO GENERATE AT DELIVERY OF TWO VESSELS AROUND USD
16.3
MILLION IN TOTAL CASH, NET OF COMMISSIONS AND REIMBURSEMENT OF
VESSELS' EXISTING BANK LOANS
    * DELIVERY OF THE TWO VESSELS EXPECTED TO OCCUR BETWEEN Q3
AND Q4
2020

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA8nXlMc
    
 Further company coverage:  B7C.MI  
   


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