Company Overview - Castor Maritime Inc. is a diversified global shipping and energy company involved in investment and asset management, vessel ownership, technical and commercial ship management, and energy infrastructure projects [5] - The company operates a fleet of 13 vessels with a total capacity of 0.9 million deadweight tons (dwt) [5] Acquisition Details - On December 16, 2024, Castor Maritime's subsidiary, Thalvora Holdings GmbH, acquired 26,116,378 shares of MPC Münchmeyer Petersen Capital AG, representing 74.09% of its share capital, for €7.00 per share, totaling €182.8 million (approximately USD 192.6 million) [1] - The acquisition positions Castor as the majority shareholder of MPC Capital, which specializes in infrastructure projects in the maritime and energy sectors [3][5] Changes in Governance - Following the acquisition, the Supervisory Board of MPC Capital will include Mr. Ulf Holländer and two new members: Mr. Petros Panagiotidis (CEO and Chairman of Castor) and Mr. Petros Zavakopoulos [2] - The appointments will take effect upon confirmation from the local court of Hamburg and will last until MPC Capital's next ordinary Annual General Meeting [2] MPC Capital Overview - MPC Münchmeyer Petersen Capital AG is an investment and asset manager with assets under management totaling €4.8 billion, focusing on maritime and energy infrastructure projects [3] - The company is also the founder and cornerstone shareholder of Oslo-listed MPC Container Ships ASA, which focuses on small to mid-size container ships [4]
Castor Maritime Inc. Announces the Completion of the Acquisition of a Majority Stake in MPC Münchmeyer Petersen Capital AG