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.

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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