WFW advises Triton Marine’s shareholder on its acquisition by Howden6 November 2023
Triton Marine is a leading marine insurance brokerage.
Triton Marine is a leading marine insurance brokerage.
The acquisition was completed through Nemeca’s takeover of an existing loan between BCC Iccrea Bank and the two Greek companies.
Five Senior Associates have been promoted to Counsel.
A new era in Greek national maritime legislation is set to begin with the enactment of a new Code of Private Maritime Law. The New Code, which comes into law on 1 May 2023, replaces the existing code which dates back to 1958.
The total cost of the investment was €21M and was funded by Attica Group’s equity and the bond loan facility.
The first drawdown refinanced indebtedness in relation to nine VLCCs and three Suezmaxes and security included Belgian, Greek and French mortgages over these ships.