Brief: Grindrod Shipping Holdings Reports Agreement to Acquire Remainder of IVS Bulk Joint Venture

Grindrod Shipping Holdings

26/07/2021 21:18

July 26 (Reuters) - Grindrod Shipping Holdings Ltd  GRIN.O :
    * GRINDROD SHIPPING HOLDINGS LTD. ANNOUNCES AGREEMENT TO
ACQUIRE
REMAINDER OF IVS BULK JOINT VENTURE INCREASING OWNERSHIP TO 100%
    * GRINDROD SHIPPING HOLDINGS LTD - DEAL FOR TOTAL PURCHASE
CONSIDERATION OF $46.3 MILLION
    * GRINDROD SHIPPING - ANNOUNCED A NUMBER OF TRANSACTIONS
RELATING
TO ACQUISITION OF REMAINING 31.14% EQUITY STAKE IN ITS IVS BULK
JOINT VENTURE
    * GRINDROD SHIPPING HOLDINGS LTD - EXPECT TO FUND
ACQUISITION OF
BAIN'S ORDINARY SHARES THROUGH A COMBINATION OF CASH ON HAND

Source text for Eikon:  ID:nGNX5Vhvzg 
Further company coverage:  GRIN.O 

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