Navios Partners grows drybulk fleet with acquisition of 36 ships from Navios Holdings

Navios Maritime Holdings (NYSE: NM) announced today a definitive agreement to sell its 36-vessel drybulk fleet to sister company Navios Maritime Partners (NYSE: NMM) for an aggregate consideration of approximately $835 million.

The sale price includes $441.6 million of bank liabilities, bareboat obligations and finance leasing obligations from Navios Holdings and is subject to debt and working capital adjustments.

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