Kreuz Announces Management-Led Buyout Plans

News: Singapore-based shipping services provider Kreuz Holdings has confirmed its intentions to acquire all remaining shares in the company for SGD446mn (US$357.6mn). The plan will see the leveraged buyout of the 57.5% share in Kreuz that is held by Singapore marine construction firm Swiber Holdings, Hellenic Shipping News reports. Kreuz will work closely with Hong Kong-based private equity firm Headland during the transaction to ensure the process does not disrupt its operations.

This article is tagged to:
Sector: Shipping
Geography: Singapore
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