Robin Energy announces acquisition of its third vessel

Robin Energy (RBNE) announces that it has entered into an agreement, through a wholly owned subsidiary, to acquire a 2020-built 5,000 cbm LPG Carrier vessel from Toro (TORO) for a purchase price of $20M. The terms of the transaction were approved by the independent and disinterested members of the Boards of Robin Energy and Toro, respectively, following the negotiation and recommendation by special committees of the independent and disinterested directors of the Boards of Robin Energy and Toro.