PRESS RELEASE 
Danaos Corporation Announces Acquisition of Remaining Interests in Gemini Shipholdings Corporation

July 01, 2021 04:30 PM Eastern Daylight Time

ATHENS, Greece–(BUSINESS WIRE)–Danaos Corporation (the “Company”) (NYSE: DAC) today announced that it has exercised its option to acquire the remaining equity interests in its joint venture Gemini Shipholdings Corporation (“Gemini”).
The purchase price for the 51% of Gemini not already owned by the Company is $86.7 million in cash, while the net …

The post Danaos buys out Coustas in JV Gemini Shipholdings appeared first on The Loadstar.

Source: The Loadstar