Hunter Tankers AS, a wholly owned subsidiary of Hunter Group ASA has signed a MoA for the sale of Hunter Saga and Hunter Laga, says a press release published on their website.
What is in the MoA?
Hunter Tankers AS (the “Company”), a wholly owned subsidiary of Hunter Group ASA, has signed a Memorandum of Agreement for the sale of Hunter Saga and Hunter Laga for an en-bloc price of USD 168.4m (the “Transaction”).
The Transaction is expected to be completed during December, following delivery of the final vessel from the Company to her new owners.
Sharing of excess capital
Upon completion of the Transaction, the Board of Directors intends to propose a distribution of excess capital to the shareholders of Hunter Group ASA.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Hunter Group
