Taylor Maritime Investments (TMI) has signed a transaction implementation agreement to acquire Singapore-based Grindrod Shipping Holdings.
This deal values bulker owner Grindrod Shipping at approximately $506m.
Via its wholly-owned subsidiary Good Falkirk, TMI made a voluntary conditional cash offer for all of the issued ordinary shares in the capital of Grindrod Shipping.
Good Falkirk first purchased a 26% ownership stake in Grindrod Shipping in the fourth quarter of last year.
In August this...
https://www.ship-technology.com/news/taylor-maritime-acquire-grindrod-shipping/