Edition:
United Kingdom

Costamare Announces Acquisition Of York Capital Majority Interest In Five 14,000 TEU Containerships


Monday, 19 Nov 2018 

Nov 19 (Reuters) - Costamare Inc ::COSTAMARE INC. ANNOUNCES THE ACQUISITION OF THE YORK CAPITAL MAJORITY INTEREST IN FIVE 14,000 TEU CONTAINERSHIPS WITH LONG TERM CHARTERS.COSTAMARE INC - TERMS OF ACQUISITION INCLUDE OPTION TO DEFER 75% OF PURCHASE PRICE FOR UP TO 18 MONTHS AFTER CLOSING.COSTAMARE INC - ACQUISITION BRINGS COMPANY'S OWNERSHIP INTEREST IN THESE FIVE VESSELS TO 100%.COSTAMARE INC - ACQUISITION OF 60% EQUITY INTEREST OF YORK CAPITAL IN FIVE 2016 - BUILT 14,000 TEU CONTAINERSHIPS.COSTAMARE INC - TERMS OF ACQUISITION INCLUDE OPTION TO PAY PART OF PURCHASE PRICE WITH SHARES OF COMPANY'S COMMON STOCK.COSTAMARE INC - TRANSACTION IS HIGHLY ACCRETIVE TO EARNINGS.COSTAMARE - DEAL PROVIDE INCREMENTAL CONTRACTED REVENUES NORTH OF US $380 MILLION AND FURTHER EXTENDING OUR CONTRACT COVERAGE TO APPROXIMATELY 4 YRS. 

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19 Jun 2019