Financial Ports

Taylor Maritime CEO buys ships as $1bn fleet sell-off nears finish

CLAVE 1 / 4Taylor Maritime reduces its owned fleet from five to two ships in a $48.6m deal.

CLAVE 2 / 4CEO Ed Buttery’s T3 Holding pays $32.2m for three handysize bulkers.

CLAVE 3 / 4The transactions are classed as related-party deals under UK listing rules.

CLAVE 4 / 4Proceeds will be returned to shareholders via compulsory partial redemption.

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