Angeliki Frangou's Navios Maritime Partners is taking over financially challenged Navios Maritime Acquisition in a stock-for-stock deal that will create the largest US-listed shipowner by vessel count.
The combination creates a 143-ship goliath with a presence in bulkers, containerships and tankers, a fleet worth an estimated $4.2bn and a combined market capitalisation of some $822m based on current share prices.
