2020 Bulkers signs deal to buy AHTS AS in all-share transaction valued at about USD 113 million
Bitget2026/09/22 18:11- 2020 Bulkers entered a binding agreement to buy all shares in AHTS AS, targeting up to 15 large AHTS vessels.
- Enterprise value set at USD 264 million for 10 vessels on a debt-free, cash-free basis; equity value estimated at about USD 113 million.
- Consideration to be paid entirely in new shares priced at USD 0.3 each; about 377 million shares expected at completion.
- AHTS AS also secured sell-down commitments for additional vessel-owning project companies; committed stake priced at about USD 90 million, paid in shares.
- Closing targeted around Oct. 1, contingent on a USD 175 million private placement; total new debt targeted at about USD 150 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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