Morgan Stanley and Economou looking to sell Heidmar to FDX Capital

Morgan Stanley and Economou looking to sell Heidmar to FDX Capital

The Financial Times is reporting that Morgan Stanley has joined George Economou in looking to sell their stakes in tanker firm Heidmar. The two parties hold 49% stakes in the firm. Economou has been looking to hawk his stake for the past six months, while the US bank has only just started to hunt for buyers.

The FT reports Economou and Morgan Stanley are now looking to jointly sell their holdings to FDX Capital.

Morgan Stanley bought Heidmar in 2006 and two years later sold a sizeable stake to Economou.

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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