Team Tankers Finalizes Acquisition Deal

first_imgzoomImage Courtesy: Team Tankers International Chemical tanker operator Team Tankers International has finalized the acquisition of Laurin Shipping AB and Anglo-Atlantic Steamship Company.Earlier in 2018, the company entered into agreements to acquire all of the outstanding shares in each of the two companies, which are engaged in the Medium Range (MR) tanker shipping sector.The preliminary purchase prices payable at closing for the shares in Laurin Shipping AB and Anglo-Atlantic Steamship Company have been estimated to USD 10.4 million and USD 55.3 million, respectively.The preliminary subscription price for the shares in the company has been estimated at USD 2.00 per share and a total of 21,096,099 new shares in Team Tankers have been issued to the former owner of Anglo-Atlantic Steamship Company, Thunder Bay Ltd.The new shares represent 10.07% of the issued shares and votes of Team Tankers.The mentioned preliminary purchase prices and the subscription price are subject to customary post-closing adjustments.Following the issuance of the new shares, the issued share capital of the company will be 209,578,173 common shares, each with a par value of USD 0.01.last_img read more

Leonardo DiCaprio Foundation Gala Raises Over 25 Million

first_imgLeonardo DiCaprio hosted his first gala for the Leonardo DiCaprio Foundation last month.Bono and Leonardo DiCaprioThe Gala – co-chaired by Philippe Cousteau and Jared Leto along with the presenting sponsor Julius Baer and co-sponsor Chopard – raised over $25 million for The Leonardo DiCaprio Foundation, dedicated to protecting Earth’s last wild places and implementing solutions to build a more harmonious relationship between humanity and the natural world.Leonardo DiCaprio opened the evening with an impassioned speech about the Foundation’s work and stated, “Today we stand at the 11th Hour – facing a tipping point of environmental crises unprecedented in human history. Not since the age of the dinosaurs have so many species of plants and animals become extinct in such a short period of time. We must now make an effort to protect the rich biodiversity that could allow nature to eventually recover. The good news is there are solutions to these massive problems. Efforts like tonight will start addressing them.”DiCaprio proceeded to open the live auction with his own Harley-Davidson Motorcycle signed by Martin Scorsese, Robert De Niro and himself.Bono took the stage with Julian Lennon, and took down the house with their own rendition of “Stand By Me.” Bono stayed on stage to auction off his personal guitar for $1 million.The highest bid of the night was for a Damien Hirst sculpture, “Golden Myth” which was sold to Len Blavatnik for over $6 million.Source:LeonardoDiCaprio.comlast_img read more