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Article: Navios Maritime Holdings Inc. Enters Into Agreement for Exclusive Negotiation Rights for Acquisition of Kleimar NV.
- Article from:
- PR Newswire
- Article date:
- December 22, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PIRAEUS, Greece, Dec. 22 /PRNewswire-FirstCall/ -- Navios Maritime Holdings Inc. ("Navios"), a large, global, vertically integrated seaborne shipping company, announced today that it has entered into an agreement providing for an exclusive period to negotiate a definitive agreement to acquire all of the shares of Kleimar NV (Kleimar). Kleimar is a maritime transportation company focused primarily on the Capesize sector with an extensive Contract of Affreightment business transporting cargo to China.
There can be no assurance that the parties will successfully negotiate and execute a mutually acceptable definitive agreement. In addition, even if such an ...