tiprankstipranks
The Fly

Castor Maritime completes acquisition of majority stake in MPC Munchmeyer

Castor Maritime completes acquisition of majority stake in MPC Munchmeyer

Castor Maritime (CTRM) announces that on December 16, 2024, Thalvora Holdings, a wholly owned subsidiary of the Company, completed the acquisition of 26,116,378 shares of common stock representing 74.09% of the share capital of the Frankfurt-listed investment and asset manager MPC Munchmeyer Petersen Capital from Munchmeyer Petersen & Co. GmbH at the agreed price of EUR 7.00 per share, which is equal to an aggregate consideration of EUR 182.8 million.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

1