Castor Maritime Inc. Announces the Completion of the Acquisition of a Majority Stake in MPC Münchmeyer Petersen Capital AG

LIMASSOL, Cyprus, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping and energy company, announces that on December 16, 2024, Thalvora Holdings GmbH, a wholly owned subsidiary of the Company, completed the acquisition of 26,116,378 shares of common stock representing 74.09% of the share capital of the Frankfurt-listed investment and asset manager MPC Münchmeyer Petersen Capital AG (Deutsche Börse, Scale, ISIN DE000A1TNWJ4) (“MPC Capital”) from Münchmeyer Petersen & Co. GmbH at the agreed price of €7.00 per share, which is equal to an aggregate consideration of €182.8 million (approx. USD 192.6 million equivalent).

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