IN BRIEF: Grindrod Shipping unit agrees to acquire two companies
26th Sep 2023 08:46
Grindrod Shipping Holdings Ltd - Singapore-based shipping firm 83% owned by Taylor Maritime Investments Ltd - Subsidiary Grindrod Shipping Pte Ltd has entered into two agreements to acquire Taylor Maritime Management Ltd from Taylor Maritime Group Ltd and to buy Tamar Ship Management Ltd from Taylor Maritime Group and Temeraire Holding Ltd. Following the deal, the two companies will become wholly owned subsidiaries of Grindrod Shipping. Says the acquisition is subject to certain conditions and closing is expected to occur before mid-October. Read More