Top Ships Acquires New Megayacht ‘PARA BELLUM’
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Top Ships Acquires New Megayacht ‘PARA BELLUM’

Top Ships (TOPS) has released an update.

Top Ships Inc. has expanded its fleet with the acquisition of the 47-meter megayacht ‘PARA BELLUM’ for $20 million, partly funded by existing cash and a secured loan. The newly built yacht, managed by Central Mare Inc., is set to bolster the company’s short-term charter operations. The deal was given the green light by an independent board committee, backed by a third-party fairness opinion.

For further insights into TOPS stock, check out TipRanks’ Stock Analysis page.

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