AMSC ASA - COMPLETION OF THE SALE OF THE U.S. JONES ACT BUSINESS TO FUNDS MANAGED BY MARITIME PARTNERS, LLC
Lysaker, October 19, 2023 – Reference is made to the announcements made on August 22, 2023 regarding the signing by AMSC ASA (“AMSC”) and Project Merchant Acquisition LLC (the “Buyer”), a newly-formed company owned and controlled by a fund managed by Maritime Partners, LLC, of a share purchase agreement for the Buyer’s purchase of American Tanker Holding Company, Inc., a wholly-owned subsidiary of AMSC (the “Transaction”). AMSC is pleased to announce that the Transaction was successfully completed today. The Transaction comprised all of AMSC’s Jones Act business including the 10 MR