Independent journal on economy and transport policy
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A consortium guided from Deutsche Bank acquires the control of Jaya Holdings of Singapore
Bought 54.70% of the vital prisoner from Offshore Nautical Services (Affinity Equity Partners)
February 17, 2011
The German financial institution Deutsche Bank, through the society integrally indirectly controlled Cathay Asset Management Co., has signed an agreement in order to acquire 422.093.958 sets in action of the shipowning society and shipbuilding Jaya Holdings of Singapore, pairs to 54.70% about of the entire capital stock, stopped from the Offshore Nautical Services (NOS), society that the Affinity is under responsibility of Equity Partners and that it had acquired the control of the Jaya in 2006.
Based on the norm of Singapore on the takeover, with such Deutsche Bank acquisition it must introduce an offer obligatory in order to buy remaining sets in action of Jaya. The offer is based on a price of 0,48 dollars of Singapore (0,37 USA dollars).
The acquisition of 54.70% of Jaya is carried out by Deutsche Bank on behalf of a consortium of purchasers participated from the German bank with 20.55% and constituted by Linden Capital LP (18.98%), Orchard Centar Ltd Master. (4.04%), Orchard Avalon Ltd. (6.07%), Octavian Special Master Fund LP (4.32%) and Tiberius OC Fund Ltd. (0.74%).
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The German financial institution Deutsche Bank, through the society integrally indirectly controlled Cathay Asset Management Co., has signed an agreement in order to acquire 422.093.958 sets in action of the shipowning society and shipbuilding Jaya Holdings of Singapore, pairs to 54.70% about of the entire capital stock, stopped from the Offshore Nautical Services (NOS), society that the Affinity is under responsibility of Equity Partners and that it had acquired the control of the Jaya in 2006.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
