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DryShips Announces Complete Acquisition Of 100% Heidmar's Share

Logistic News - Published on Mon, 17 Jun 2019

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DryShips Inc, a diversified owner and operator of ocean going cargo vessels, has completed the acquisition of 100% of the issued and outstanding shares of Heidmar Inc, a global tanker pool operator. Prior to the transaction, DryShips indirectly owned approximately 49.8% of Heidmar.

As part of the transaction, DryShips acquired the remaining approximately 50.2% of Heidmar currently held by other unaffiliated entities, for an aggregate consideration of approximately USD 17 million. The transaction was approved by the independent directors of the Company. In connection with the transaction, Mr Pankaj Khanna has been appointed as CEO of Heidmar, with immediate ef-fect.

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Posted By : Mohan Sharma on Mon, 17 Jun 2019
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