Pangaea Logistics Solutions Ltd

NASDAQ:PANL   3:54:17 PM EDT
3.21
+0.03 (+0.94%)
Debt Financing / Related, Equity Investments, Mergers / Acquisitions

Pangaea Logistics Solutions Ltd. Acquires Majority Stake In Nordic Bulk Holding Company To Further Strengthen Specialty Ice Niche

Published: 09/28/2020 12:49 GMT
Pangaea Logistics Solutions Ltd (PANL) - Pangaea Logistics Solutions Ltd.
Acquires Majority Stake in Nordic Bulk Holding Company to Further Strengthen Specialty Ice Niche.
Pangaea Logistics - Acquired Additional One-third Equity Interest in Its Partially-owned Consolidated Subsidiary Nordic Bulk Holding Company Ltd.
Pangaea Logistics Solutions Ltd - Acquisition Increases Pangaea's Equity Interest in Nbhc to 66.7%.
Pangaea - Purchase Price of Equity Interest Was $22.5 Million, With $15 Million Cash Payment Upon Closing, 3annual Payments of $2.5 Million Over Next 3 Years.