Enova bankrolls Höegh Autoliners’ ammonia-powered PCTCs
NewsHöegh Autoliners wins Enova’s financial backing for its ammonia-powered pure car and truck carriers.
Grimaldi takes larger share in Höegh Autoliners prompting takeover rumours
Emanuele Grimaldi’s increased stake in Hoegh Autoliners ASA sparks takeover speculation amid a booming car transportation market.
Italian shipping magnate Emanuele Grimaldi has increased his stake in Norwegian RORO company Hoegh Autoliners ASA, emerging as the company’s second-largest shareholder, sparking speculation about potential takeover scenarios.
Grimaldi’s latest acquisition sees him directly controlling 5.12% of the company’s shares, equivalent to 9.78 million shares, along with corresponding voting rights in Hoegh Autoliners ASA through his companies Caprim Srl and EG Holding Srl.
This strategic maneuver represents a significant addition to Grimaldi’s investment portfolio, which already includes ACL and Finnlines.
This development arrives against the backdrop of MSC’s bid for Gram Car Carriers, coinciding with a historic surge in demand for car transportation within a thriving market.
Grimaldi Group currently has a fleet of 25 car carriers with an additional 20 newbuilds on order. Meanwhile, Hoegh Autoliners ASA boasts a fleet of around 40 car carriers, including 12 multi-fuel ammonia-ready Aurora class vessels currently on order. Six of these have already entered the construction stage, and the first vessels from the series have already been launched, with the third one scheduled to hit the water in July.
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