N Logistics to acquire Navios Maritime for $52m.

N Logistics, a company controlled by the Navios's Chairwoman and Chief Executive Officer, Angeliki Frangou, agreed to acquire Navios Maritime, an owner of a controlling equity stake in Navios South American Logistics, for $52m. Navios Maritime Holdings owns a controlling equity stake in Navios South American Logistics, one of the largest infrastructure and logistics companies in the Hidrovia region of South America and an interest in Navios Maritime Partners, a US publicly listed shipping company which owns and operates dry cargo and tanker vessels.