Capital Product Partners is poised to pay $312m for five containership and products-tanker newbuildings, with options for six more, at what the Evangelos Marinakis-backed company says is a significant discount to market prices. But there is a catch that has analysts debating whether it is a good deal for investors in the New York-listed company.
The owner plans to hold a vote next month on whether to rejig the structure of its dividends to shareholders in a way that is more favourable to sponsor Capital Maritime & Trading, the Marinakis-controlled private company that is Capital Product’s main shareholder.
