Economou set to take full control of DryShips

Economou set to take full control of DryShips

George Economou’s offer to buy out the remaining shares of Nasdaq-listed DryShips has been voted through by shareholders, with the deal now set to complete tomorrow.

Economou company SPII Holdings launched the offer to take DryShips private in June, and a definitive merger agreement was entered into in August.

DryShips will become a wholly owned subsidiary of SPII tomorrow, and its listing will be removed from the Nasdaq Capital Market. 

DryShips has a fleet of 32 vessels made up 20 bulkers, six tankers and six offshore vessels. It also owns tanker pool operator Heidmar, headed up by Pankaj Khanna.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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