Title: Mitsui O.S.K. Lines (MOL) Acquires 100% Stake in Singapore Chemical Tanker Company for $400 Million – MOL Chemical Tankers (MOLCT), a wholly-owned subsidiary of the Mitsui O.S.K. Lines Group, Secures Approval from Competition Authorities on March 4 for the Stock Transfer Agreement concluded at the end of September last year.

2024年3月4日 Last updated : 2024年3月4日 Nobukuni Kaneyama

On March 4th, MOL Chemical Tankers (MOLCT), a 100% subsidiary of Mitsui O.S.K. Lines (MOL) responsible for the operation of chemical tankers, obtained approval from competition authorities to acquire 100% of the shares of a Singapore-based chemical shipping company. The acquisition was based on a share transfer agreement signed at the end of September last year, with the completion scheduled for March 1, 2024, at a total cost of 400 million US dollars.

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