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Star Capital offloads 6% stake in MPC Container Ships for close to $80m

The largest shareholder in the Oslo-listed boxship owner, MPC Container Ships, has sold 27.5m shares for a total of NOK687.5m ($79.4m).

MPC Container Ships said in a filing that Star Capital Partnership’s Star Spike Limited had offloaded approximately 6.19% of its stake in the company and that it now holds just under 10% of the share capital and voting rights, equivalent to around 44.3m shares.

Star Spike is represented on the board of MPC Container Ships by Laura Carballo Beautell and Paul Gough as a board observer and has entered into a customary lock-up agreement with the managers for its remaining shares in the company, valid for 180 days.

The shares were sold through a process managed by Clarksons Platou Securities, DNB Markets, a part of DNB Bank, and Fearnley Securities.

Meanwhile, another large owner, CSI Beteiligungsgesellschaft, has acquired 2.75m of MPCC shares at a price of NOK25 each. Following the transaction, CSI’s ownership interest in the carrier is 15.83%, with around 70.3m shares.

The deal means that CSI has taken the top of the shareholder list of MPC Container Ships from Star Spike.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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