MPC Container Ships ASA completes acquisition of Songa Container AS
Oslo, 9 August 2021 – MPC Container Ships ASA (“MPCC” or the “Company”) today announces that it has completed its acquisition of Songa Container AS ("Songa") pursuant to the share purchase agreement to acquire 100% of the shares in Songa for a total value of USD 210.25 million on a debt and cash free basis, as entered into and announced on 22 June 2021. The consideration is paid partly in cash and partly in new shares, and in total 49,795,250 new shares are being issued in relation to the transaction. The selling shareholders of Songa who are receiving consideration shares have entered