On Tuesday the diversified Greek operator announced plans to sell 15 million units by way of a public offering.
In a statement CPP said proceeds will likely be applied towards the $311.5m purchase of product tankers and containerships that it intends to acquire from affiliate Capital Maritime & Trading.
In addition the company indicated that some of the cash will be used to repurchase approximately $60m worth of common units from the same counterparty.
If
