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Star Bulk acquires 15 vessels from Songa

Athens - Star Bulk Carriers has announced that it has closed the previously announced acquisition of 15 operating dry bulk vessels from Songa Bulk for an aggregate of 13.725 million common shares of Star Bulk and US$ 145.0 million in cash

Athens - Star Bulk Carriers has announced that it has closed the previously announced acquisition of 15 operating dry bulk vessels from Songa Bulk for an aggregate of 13.725 million common shares of Star Bulk and US$ 145 million in cash.

Following the closing of the vessel purchase transaction, Arne Blystad will be appointed to the Board of Directors of Star Bulk as Class C Director and Herman Billung will join the management team of Star Bulk as Senior Vice President. Songa is expected to distribute the common shares to its shareholders.

First trading day of the secondary listing of the company’s common shares on Oslo Børs, a regulated stock market operated by Oslo Børs ASA of Norway, is expected to take place by mid-July.

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