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Acquisition by Yoda PLC of common units in Capital Product Partners L.P.
- Λεπτομέρειες
- Δημοσιεύτηκε στις Τρίτη, 02 Ιανουαρίου 2024 10:26
YODA PLC (the “Company”) hereby announces that the Company’s Board of Directors on 27 December 2023, unanimously approved the entry of the Company into a unit purchase agreement with a third party, Capital Maritime & Trading Corp. (the “Seller”) (the “Unit Purchase Agreement”), relating to the acquisition of 10.000.000 common units representing limited partnership interests (the “Purchased Units”) in Capital Product Partners L.P. ( “CPLP”), a limited partnership organized under the laws of the Republic of the Marshall Islands, being listed in the NASDAQ Stock Exchange, for the total consideration of US$ 160.000.000, settled by the Company in cash concurrently with execution of the Unit Purchase Agreement (the “Transaction”). The Transaction consideration has been agreed between the transacting parties. The Transaction constitutes a transaction at arm’s length and is part of the Company’s business plan to further invest and expand its activities in the shipping sector, as CPLP is an international shipping company engaged in the seaborne transportation of natural gas and it is expected that the investments it holds shall assist the Company in achieving its goals and long-term shipping investment plans. More specifically, CPLP is one of the leading US publicly listed owner of two stroke LNG carriers with 8 currently operational and another ten under orders to be delivered within the next 3 years. CPLP is well positioned to take advantage of the strong fundamentals of the LNG industry with six open LNG/Cs delivering between 2026-2027 and rights of first refusal on a unique fleet of LCO2 and ammonia carriers.