'Substantial' dilution risk as Navios Holdings stock crashes 26% after refinancing

Fearnley Securities explains why investors were spooked by Greek shipowner's $550m deal

Angeliki Frangou is CEO of Navios Maritime Holdings. — Angeliki Frangou is CEO of Navios Maritime Holdings.Thodoris Anagnostopoulos/Marine Money

Gary Dixon

London

Published 15 December 2021, 12:30Updated 15 December 2021, 14:26

Navios Maritime Holdings Greece Capesize bulkers Fearnley Securities Refinancing