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New Deal


Announced

Completed

MPC Container Ships completed the acquisition of Songa Container for $210m.

Financials

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Transaction Value£151m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales6x
EV/EBITDA49x
Share Price Premium-
One Off Charge-

Tags

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Friendly

Single Bidder

Marine Transportation

Majority

Norway

container vessels

Completed

Acquisition

Domestic

Private

Synopsis

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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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