UK private equity firm star Capital has sold its entire holding in MPC Container Ships (MPCC), reports Singapore's Splash 247.
MPCC revealed that once its largest shareholder, Star Capital Partnership's Star Spike Limited, had offloaded 9.99 per cent of its stake.
The shares were sold for US$74 million through a process managed by Clarksons Securities, Fearnley Securities and Pareto Securities.
In March, Star Capital sold a 6.19 per cent stake in MPCC for $79.4 million.
MPCC's largest shareholder is Axel Schroeder-led CSI Beteiligungsgesellschaft. Schroeder is also on the company's board and managing partner of parent MPC Capital.
SeaNews Turkey
MPCC revealed that once its largest shareholder, Star Capital Partnership's Star Spike Limited, had offloaded 9.99 per cent of its stake.
The shares were sold for US$74 million through a process managed by Clarksons Securities, Fearnley Securities and Pareto Securities.
In March, Star Capital sold a 6.19 per cent stake in MPCC for $79.4 million.
MPCC's largest shareholder is Axel Schroeder-led CSI Beteiligungsgesellschaft. Schroeder is also on the company's board and managing partner of parent MPC Capital.
SeaNews Turkey