In astatement the Greek bulker owner said it acquired 33% of the company’s outstandingcommon stock for $200,000 in cash and $200,000 worth of its own Nasdaq-listedshares.
Star Bulkreminded investors that Interchart serves as its chartering broker and pointedout that it purchased the stake from an entity affiliated with family membersof its chairman, Greek shipping mogul Petros Pappas.
"This transaction is consistent with our strategy to enhance ourin-house vessel management capabilities and reduceour costs from operations,” said chief executive Spyros Capralos in a statementfiled Monday evening.
“After
