Marubeni Corporation acquires 28% in Gearbulk
Published by Alfred Hamer,
Editorial Assistant
Dry Bulk,
It was announced on Tuesday, 8 October 2024 that Kristian Jebsen and his family will sell their remaining 28% stake in Gearbulk Holding AG to Marubeni Corporation of Japan. The transaction is expected to be concluded soon.
Marubeni is an integrated Japanese trading and investment conglomerate, which Gearbulk says will bring additional financial strength and business experience. The transaction will increase Gearbulk’s investment capacity and follows its commitment to G2 Ocean, a joint venture between Gearbulk and the Grieg Maritime Group, that operates more than 120 ships.
“I am pleased that Marubeni has decided to invest in and support the development of Gearbulk. This, together with MOL’s 72% holding, gives a strong continuity of the company for all stakeholders. Marubeni has had a close business relationship with Gearbulk for more than thirty years and the investment is a natural next step,” says Kristian Jebsen. The company’s operations will remain the same and relations with customers and other stakeholders will continue as before. Mr Jebsen will continue as Gearbulk’s Chairman and CEO and as Chairman of G2 Ocean.
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Read the article online at: https://www.drybulkmagazine.com/shipping/09102024/marubeni-corporation-acquires-28-in-gearbulk/
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