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Castor Maritime ( (CTRM) ) just unveiled an announcement.
Castor Maritime Inc. has completed the acquisition of a majority stake in MPC Münchmeyer Petersen Capital AG, with its subsidiary, Thalvora Holdings GmbH, acquiring 74.09% of the company’s share capital for approximately €182.8 million. This acquisition strengthens Castor’s position in the shipping and energy sectors and is expected to influence the composition of MPC Capital’s Supervisory Board, potentially impacting its strategic direction.
More about Castor Maritime
Castor Maritime Inc. is a diversified global shipping and energy company involved in investment and asset management, vessel ownership, and energy infrastructure projects. It operates a fleet of 13 vessels and is the majority shareholder of the Frankfurt-listed investment and asset manager MPC Capital.
YTD Price Performance: -30.94%
Average Trading Volume: 57,175
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $28.36M
See more insights into CTRM stock on TipRanks’ Stock Analysis page.
