Navios Maritime Holdings has repurchased more $9.24m worth of its New York-listed preferred shares through a tender offer, which represented less than half of the shares it had sought to buy.
The Angeliki Frangou-led company, whose main asset is a stake in Navios South American Logistics, had offered to buy up to $20m in shares through the offer, which ran from 14 September to 12 October, before it was extended until Friday.
