Brief: Gram Car Carriers Acquires 20% Of Car Carrier Mediterranean Sea

Gram Car Carriers ASA

13/07/2023 10:08

July 13 (Reuters) - Gram Car Carriers ASA  GCC.OL :
    * GRAM CAR CARRIERS ACQUIRES 20% OF MID-SIZE CAR CARRIER
MEDITERRANEAN SEA FOR USD 4.75 MILLION
    * AGREED TO ACQUIRE 20% EQUITY OWNERSHIP IN GRAM CAR AS, A
SINGLE
PURPOSE COMPANY OWNING PURE CAR TRUCK CARRIER MEDITERRANEAN SEA
FOR A TOTAL CONSIDERATION OF USD 4.75 MILLION
    * TRANSACTION IS EXPECTED TO SUPPORT INCREASED DIVIDEND
DISTRIBUTIONS
    * VESSEL IS ON A CONTRACT AT USD 25,500 PER DAY PLUS
SCRUBBER
PREMIUM UNTIL Q3 OF 2025
    * GCC WILL FINANCE ACQUISITION OF 20% STAKE IN GRAM CAR AS
THROUGH
AVAILABLE LIQUIDITY

Source text for Eikon:  ID:nWkrb0Hy5n 
Further company coverage:  GCC.OL 

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