Pangaea to take full control of Nordic Bulk Partners

Nasdaq-listed Pangaea Logistics Solutions is taking full ownership of its four-ship-strong subsidiary, Nordic Bulk Partners. The Rhode Island-based bulker owner and operator has struck a deal with fellow Connecticut-based alternative asset manager Hudson Structured Capital Management to buy Nordic’s remaining 50% equity ownership for $17.2m in cash. Pangaea said it expects to close the deal …

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