KKR, Borealis Maritime to buy Hanseatic Ship Asset for $254.5 mln

KKR and Borealis Maritime said Thursday it acquired Hanseatic Ship Asset Management GmbH for $254.5 million. Commerzbank AG is the seller. Hanseatic controls a modern fleet of 13 mid-size container vessels and 5 mid-size dry bulk vessels. In 2013, KKR and Borealis Maritime formed a joint venture to invest in distressed shipping assets.

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