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Okeanis Eco Tankers - contemplated equity offering to raise USD 100 million

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Fearnley Securities is engaged as sole lead managers for Okeanis Eco Tankers in connection with an equity offering to raise USD 100 million. Following the offering, the company will have an aggregate equity value of approximately USD 240 million. Arrangements are being made for trading of the company’s shares on Merkur Market.

Okeanis Eco Tankers is a newly formed tanker company to hold the tanker business formerly owned by Kyklades Maritime, a private company owned by the Alafouzos family which has been in shipping since the 1960s and in tankers since the 1980s. Okeanis Eco Tankers will have a fleet consisting of six sailing vessels built 2015 to 2018 (three Aframax LR2, three Suezmax) and nine newbuilding contracts for delivery 2018 to 2019 (one Suezmax, eight VLCC). All of the company’s vessels will be built to the highest environmental standards, which the company expects will be a strong distinguishing factor going forward, in particular under the new IMO 2020 sulphur cap regulations.




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Target Market: MiFID II professionals/ECPs/ Retail/No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients (all distribution channels) and retail clients domiciled in Norway. No PRIIPs key information document (KID) has been prepared