MPC Container Ships AS, the recently formed subsidiary of MPC Capital AG, has received the approval for admission to trading of its shares on Oslo Børs’ Merkur Market.
Trading is expected to commence on May 31, 2017, under the ticker symbol “MPCC-ME”.
“This listing reflects the company’s strategy for its shares to be listed on a reputable stock exchange and to provide its shareholder base an appropriate platform for trading,” MPC Container Ships AS said in a statement.
As informed, no new shares are to be issued in connection with the admission to trading on Merkur Market.
Established in April 2017, MPC Container Ships’ main activity is to own and operate a portfolio of container vessels with a focus on the feeder segment between 1,000 and 3,000 TEU.
Last week, the Oslo-based company acquired seven boxships with capacities ranging between 966 TEU and 2,824 TEU for USD 38 million. Five of the vessels have already been taken over, and the remaining two are slated for delivery by the end of June 2017.
In addition, MPC Container Ships has agreed to add one 1,200 TEU, one 2,500 TEU and four 2,800 TEU vessels to its fleet.