Market Play

If you like a little more risk in your equity investments, Jan Hakon Pettersen and Garup Meidell, formerly of Bergesen Worldwide, have formed Gaia Maritime AS, as a pure asset play on the recovery of container shipping asset values. Through a private placement, led by DnB NOR, Fearnley Fonds, and Pareto Private Equity, the company hopes to raise NOK 300 million to NOK 600 million (approximately$50 to $100 million). The founders will invest $1 million themselves. Proceeds will be used to purchase new containerships and for working capital. Following the offering, the company intends to list the shares in June on the Oslo Axess.

This is only an excerpt of Market Play

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login
Username
Password

Related Archive Files

• No Related Post