York Capital

Costamare Inc Acquires York Capital’s Majority Interest

  • Costamare Inc. announced the acquisition of York Capital’s 60% equity interest, on average, in five 11,000 TEU containerships.
  • Four of them were built in 2017 and one of which was built in 2016.
  • The acquisition brings the Company’s ownership interest in these
    five vessels to 100%.

Costamare Inc. (the “Company”) (NYSE: CMRE) announced the acquisition of York Capital’s 60% equity interest, on average, in five 11,000 TEU containerships, four of which were built in 2017 and one of which was built...

https://mfame.guru/costamare-inc-acquires-york-capitals-majority-interest/

Costamare acquires 5 containerships of York Capital

Costamare Inc. (the “Company”) announced on November 19 the acquisition of the 60% equity interest of York Capital in five 2016 – built 14,000 TEU containerships. The acquisition brings the Company’s ownership interest in these five vessels to 100%. The five vessels were initially contracted as new buildings under the joint venture with York Capital in 2014. The vessels currently operate under long term charters to Evergreen expiring in 2026.

The terms of the acquisition include the option to...

http://container-news.com/costamare-acquires-containerships-york-capital/