Post by
retiredcf on Jul 16, 2021 9:41am
NR
Plus a nice increase in the dividend. GLTA
07:26 AM EDT, 07/16/2021 (MT Newswires) -- Methanex Corp. (MX.TO) said overnight Thursday that it has concluded the key commercial terms for the sale of a 40% stake in its Waterfront Shipping subsidiary to Mitsui O.S.K. Lines Ltd. for US$145 million.
Methanex will retain the remaining 60% in Waterfront Shipping, which ows a fleet of about 800 vessels. The company said no changes are expected to the subsidiary's day-to-day operations, and Paul Hexter will remain president.
The definitive agreements are subject to approval by Mitsui's board and deal's close is expected by the end of the year.
Price: 41.17, Change: -0.37, Percent Change: -0.89
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