Castor Maritime acquires majority stake in MPC Capital for €182.8M, expanding into energy infrastructure.
Castor Maritime Inc., a global shipping firm, acquired a majority stake of 74.09% in MPC Capital, an investment manager focused on maritime and energy infrastructure projects, for €182.8 million. Funding was secured through a $100 million loan and $50 million in preferred shares from Toro Corp., controlled by Castor's CEO Petros Panagiotidis. The deal highlights Castor's expansion into energy infrastructure.
4 months ago
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