Mergers & AcquisitionsMedium•4 November 2026•
1 min read
Castor Maritime Subsidiary to Acquire 41% Stake in Marlow Navigation
Key Facts
1Castor Maritime's subsidiary, MPC Oceanic Group, entered an agreement to acquire a 41% stake in Marlow Navigation.
Castor Maritime's subsidiary, MPC Oceanic Group, entered an agreement to acquire a 41% stake in Marlow Navigation. GlobeNewswire reported that the purchase price amounts to approximately $126 million, comprising a $97 million cash component and the issuance of new MPC Oceanic Group shares valued at $29 million to Marlow shareholders as part of a capital increase.
The acquisition aims to expand the company's footprint in the crew and technical ship management services sector. CTRM closed at $1.36 on November 3, 2026.