Capital Product Partners and Diamond S Shipping are set to complete their $1.65bn merger at month's end and the Athens-based company is punctuating it with a reverse split.

Evangelos Marinakis-led Capital Product Partners (CPLP) Tuesday announced a one-for-seven reverse stock split set for the close of trading 27 March or, if the merger is effective the following day, the close of trading 28 March.