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MPC raises millions in new share issue

Feeder shipping line MPC Container has just completed a private share placement. The maneuver raised a triple-digit figure in Norwegian kroner.

CEO Constantin Baack heads MPC Container Ships. | Photo: PR-FOTO

MPC Container Ships has completed a private share placement that raises fresh capital for the feeder shipping line.

The shipping company has just wrapped up a private placement of 7.3 million new shares. The placement was fully subscribed at a price of around NOK 17.25 (USD 1.8) per share and will raise some NOK 125 million for the shipping company.

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