AMSC ASA - SALE OF THE U.S. JONES ACT ACTIVITIES TO A FUND MANAGED BY MARITIME PARTNERS, LLC
Lysaker, August 22, 2023 – Reference is made to the joint announcement made by AMSC ASA (“AMSC”) and Maritime Partners, LLC. (“Maritime Partners”) today regarding the signing by AMSC and Project Merchant Acquisition LLC (the “PM Acquisition”), a newly-formed company owned and controlled by a fund managed by Maritime Partners, of a share purchase agreement (the “SPA”) for PM Acquisition’s purchase of American Tanker Holding Company, Inc. (“ATHC”), a wholly-owned subsidiary of AMSC (the “Transaction”). Pål Lothe Magnussen, CEO of AMSC commented that “the management team at AMSC is pleased