ATHENS: Greek dry bulk and small containership owner Goldenport Holdings has revealed itself as an acquisiton target for an unknown buyer.
The London-listed company was responding to a jump in its share price since Wednesday from around GBP1.18 ($1.87) to as high as GBP1.42 ($2.26).
Goldenport revealed it has been approached by a potential bidder which may lead to an offer, with an indicative price of GBP1.20 ($1.91) per share in cash. Discussions are still at an early stage, and the company said that any offer would be subject to it being recommended by the independent directors of Goldenport.
“We are navigating through what is arguably the worst dry bulk market of the last 30 years,” said Goldenport’s CEO, John Dragnis, last month in a statement after it posted a loss of $27.1m for 2014. Goldenport owns eight dry bulk vessels, made up of 7 supramaxes and a post panamax, and six containerships ranging between 976 and 5,551 teu.
