Independent journal on economy and transport policy
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Agreement Costamare - York Capital Management for the acquisition of portacontenitori ships
Previewed investments until about 500 million dollars
May 30, 2013
The shipowning society Greek Costamare has signed an agreement with the manager of deep American York Capital Management Global Advisors in order to invest until about 500 million dollars in the acquisition of ships portacontenitori through joint venture that will be stopped to 49% from the Greek company, with option in order to increase its participation from a minim of 25% to a maximum of 49%, and to 51% by York Capital Management. The investments will be realized over two years and joint venture will have a duration until six years. To the issolution of joint venture Costamare it will have the right to demand a subdivision of the fleet between the parts.
The agreement previews that Costamare Shipping Co., an associate of Costamare, supplies the services of shipmanagment with the possibility subcontracting them to the V.Ships Greece or the Shanghai Costamare Ship Management Co.
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The shipowning society Greek Costamare has signed an agreement with the manager of deep American York Capital Management Global Advisors in order to invest until about 500 million dollars in the acquisition of ships portacontenitori through joint venture that will be stopped to 49% from the Greek company, with option in order to increase its participation from a minim of 25% to a maximum of 49%, and to 51% by York Capital Management. The investments will be realized over two years and joint venture will have a duration until six years. To the issolution of joint venture Costamare it will have the right to demand a subdivision of the fleet between the parts.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
