Navios Acquisition moves to absorb Navios Midstream Partners
Less than four years after giving birth to its VLCC baby, Navios Acquisition is seeking to bring Navios Midstream Partners back under its own banner. If it receives the necessary approvals from both sides, the deal would result in a 41-ship fleet including 13 VLCCs
Acceptance will be necessary from the Navios Acquisition board and approvals obtained under Navios Midstream’s limited partnership agreement