Pyxis Tankers Announces Acquisition of Remaining 40% Interest in Ultramax Dry Bulk Vessel “Ormi” Transaction Expected to Be Immediately Accretive and Further Simplify Ownership Structure
Pyxis Tankers agreed to acquire the remaining 40% non-controlling interest in the entity that owns the 2016-built Ultramax vessel Ormi. The company said the transaction is expected to be immediately accretive and would give it 100% ownership of the vessel-owning entity upon closing, simplifying its ownership structure.
Why it matters — The deal would increase Pyxis’s ownership of Ormi and simplify the vessel’s ownership structure, with the company expecting an immediate accretive effect.