The agreement completes a deal that was first revealed by TradeWinds on 19 December. It is expected to be an all-shares transaction between Navig8 — which trades on Oslo’s over the counter (OTC) exchange — and Genmar, which is now private but formerly was listed on the New York Stock Exchange.
While General Maritime’s management led by chairman Peter Georgiopoulos will remain in place following the transaction, sources suggest its name will change to reflect the combined company.
The
