Industrial Investors Summa signed the SPA to acquire control in FESCO

19 June 2012
On June 19 Industrual Investors Group and Summa Group announced the signing of the Sale-Purchase Agreement (SPA), under which Summa is to acquire the control in FAR-EASTERN SHIPPING PLC (FESCO, FESH/FESHG).

In accordance with the SPA, parties expect the closing the next few weeks.

After the closure, Summa Group will become the majority shareholder in FESCO.