Brief: Gram Car Carriers Increases To 100% Ownership In Mid-Size Car Carrier Mediterranean Sea

Gram Car Carriers ASA

05/09/2023 10:43

Sept 5 (Reuters) - Gram Car Carriers ASA  GCC.OL :
    * GRAM CAR CARRIERS INCREASES TO 100% OWNERSHIP IN THE
MID-SIZE
CAR CARRIER MEDITERRANEAN SEA
    * HAS TODAY AGREED TO ACQUIRE LAST 2.5% EQUITY OWNERSHIP FOR
A
TOTAL CONSIDERATION OF USD 700,000
    * WITH THIS PURCHASE, GCC HAVE 100% OWNERSHIP OF
COMPANY/VESSEL
    * TRANSACTIONS PROVIDE AN IMPLICIT VALUATION OF
MEDITERRANEAN SEA
OF USD 34.2 MILLION
    * TRANSACTION IS EXPECTED TO SUPPORT INCREASED DIVIDEND
DISTRIBUTIONS AND IS FINANCED WITH AVAILABLE LIQUIDITY
    * HAS TODAY AGREED TO ACQUIRE LAST 2.5% EQUITY OWNERSHIP FOR
A
TOTAL CONSIDERATION OF USD 700,000, IN GRAM CAR AS, SINGLE
PURPOSE COMPANY OWNING PURE CAR TRUCK CARRIER MEDITERRANEAN SEA
(5,000 CEU, BUILT 2010)

Source text for Eikon:  ID:nWkr2ZzhJS 
Further company coverage:  GCC.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))