22 May 2015 17:28
Goldenport Holdings Inc.
Athens, 22 May 2015
Termination of Sentinel Holdings Inc JV
Goldenport Holdings Inc. ("Goldenport" or "the Company"), (LSE: GPRT) the international shipping company that owns and operates a fleet of dry bulk and container vessels, announces today the termination of the Sentinel Holdings Inc. ("Sentinel") JV with Topley Corporation ("Topley").
The Company and Topley, a subsidiary of Glencore International AG, agreed the termination of the Sentinel JV and the transfer of the 50% interest held by Topley to the Company for a token consideration of US$1. As a result of this agreement, the Company is assuming 100% ownership of M/V Alpine Trader and M/V Ermis that have been owned by the JV since their construction in 2009.
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For further information, please contact:
Goldenport Holdings Inc.
John Dragnis, Chief Executive Officer | +30 210 8910 500 |
Alexis Stephanou, Chief Financial Officer | +30 210 8910 542 |
finance@goldenport.biz |
Tavistock
Jos Simson / Emily Fenton | +44 (0) 20 7920 3150 |