Pyxis Tankers To Acquire Remaining 40% Stake In Ultramax Dry Bulk Vessel Ormi For $6.83M; Deal Expected To Be Immediately Accretive
The Ormi was acquired in October 2023 from an unaffiliated third party for $28.5 million. Pyxis acquired a 60% controlling interest, while the remaining 40% was acquired by a company related to Pyxis’ Chairman and Chief
Pyxis Tankers is buying the last 40% of a cargo ship it partly owns. This means the company will own the whole ship and make more money right away.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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