The Toronto-based company announced that it allocated approximately 550,000 Canadian dollars for the purchase of 325,000 shares, thus acquiring a 10% stake in Icon.
Hampton’s CEO, Peter Deeb, stated that the investment was based on the company’s undervalued valuation, as well as the improvement in freight markets and the industry climate.
Icon Energy, based in Athens, currently manages three medium-sized bulkers and has already stated that it sees new growth opportunities in the dry bulk market following its recent capital strengthening.
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