Announced
Completed
Financials
Tags
Friendly
Single Bidder
Marine Transportation
Majority
Norway
container vessels
Completed
Acquisition
Domestic
Private
Synopsis
MPC Container Ships, a containership company, completed the acquisition of Songa Container, an investment vehicle established to invest in container vessels, for $210m. "We are excited to join forces with MPCC. The Company is perfectly positioned to generate super profits in the current strong container market and to consolidate this segment further. The present market parameters constitute one of the most attractive opportunities in container shipping in the last decades," Arne Blystad, Songa Container Chairman.
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