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Topouzoglou closes in on FSL Trust buyout
Prime Marine’s Stathis Topouzoglou together with a group of investors is closing in on buying out Singapore’s First Ship Lease (FSL) Trust. The group of investors led by Greek owner Topouzoglou on Friday launched a mandatory general offer for the remaining shares in FSL Trust.
Today, the trust requested to lift its trading halt on the Singapore Exchange following Topouzoglou’s mandatory general offer for all of its units.
Topouzoglou now has a deemed interest of 55.04% in FSL Trust units.