Non-operating containership owner Global Ship Lease (GSL) is eyeing merger and acquisition activity after a recent round of debt financing.
In October, the New York stock exchange-listed company – French shipping line CMA CGM is its largest shareholder – completed a $320m bond issue and today appointed independent investment banking advisory firm Evercore to review “strategic alternatives focused on maximising shareholder value”.
GSL said: “These alternatives include a corporate acquisition, business combination or partnership, while continuing to develop vessel purchase …
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Source: The Loadstar