Pyxis Tankers to buy remaining 40% stake in Ultramax bulker Ormi

Bitget2026/10/13 12:12

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Pyxis Tankers agreed to buy the remaining 40% stake in the entity that owns the Ultramax dry bulk vessel Ormi.
Deal would lift ownership to 100%, simplifying the structure.
Purchase price set at the seller’s share of net appraised equity value, based on an average vessel valuation of USD 32.08 million.
Transaction implies USD 6.83 million for the 40% stake, using USD 15 million of vessel-related debt in the equity calculation.
Closing targeted within October 2026; expected to be immediately accretive to earnings and free cash flow.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pyxis Tankers Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610130810PRIMZONEFULLFEED1001277553) on October 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Pyxis Tankers to buy remaining 40% stake in Ultramax bulker Ormi

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