Frangou moves to weld her two tanker vehicles together

Navios Maritime Acquisition Corporation has moved to acquire the remaining publicly held units of Navios Midstream in a stock for units exchange.

Navios Acquisition has proposed 6.292 shares for each outstanding publicly held unit of Navios Midstream in a deal structured as a merger.

The merger between the two Angeliki Frangou tanker vehicles remains subject to the negotiation and execution of a definitive agreement, approval of the board of directors of Navios Acquisition and the necessary approvals under Navios Midstream’s limited partnership agreement.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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