Greek dry bulk shipping firm Dryships has acquired 100% of the issued and outstanding shares of tanker pool operator Heidmar.
Dryships indirectly owned almost 49.8% of Heidmar and has acquired the remaining 50.2% stake from other unaffiliated entities, including American investment bank Morgan Stanley, for $17m.
The transaction received approval from the independent directors of Dryships.
In 2006, Morgan Stanley purchased Heidmar in a transaction valued at approximately $200m to strengthen its...
https://www.ship-technology.com/news/dryships-acquires-heidmar/