Osprey Maritime Plans $70M Injection

Friday, March 24, 2000
Shipping group Osprey Maritime Ltd. plans a proposed $70 million injection of new equity together with a major restructuring, a company spokesperson reported. The company has received an offer from Schroder Partners Asia Ltd., advisers to the Schroder Venture Partners Asia Pacific Fund, to invest about $54 million by means of a placement and rights issue. The Schroder Fund would subscribe for new ordinary shares equal to about 20 percent of the company at a price of S$0.35 a share, which would raise about $14 million. In conjunction with the placement, the company would have a 2-for-3 rights issue also at the same price.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Greek Government to Halt Piraeus Port Sale

The new Greek government led by the left-wing Syriza party will halt the sale of a majority stake in the port of Piraeus, Greece's biggest, begun by the previous government,

Maersk Line to Increase Asia-Europe Rates

Maersk Line, part of Denmark's A. P. Moller-Maersk, plans to increase shipping freight rates for transporting containers from ports in Asia to Northern Europe by

Enterprise Contracts to Boost U.S. Crude Exports

Enterprise bumps up exports through annual contracts; signs 2015 contracts with PDS, Vitol; seeks one more term buyer. U.S. exports of condensate have been given

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1255 sec (8 req/sec)