Toro Corp. Announces The Sale Of The M/T Wonder Polaris And The M/t Wonder Bellatrix For An Aggregate $71.5 Million And Aggregate Expected Net Gain Of $42.9 Million
Portfolio Pulse from Benzinga Newsdesk
Toro Corp. has announced the sale of the M/T Wonder Polaris and M/T Wonder Bellatrix for an aggregate $71.5 million, resulting in an expected net gain of $42.9 million.
May 19, 2023 | 8:13 pm
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Toro Corp. sells two vessels for $71.5 million, expecting a net gain of $42.9 million, which could positively impact the company's financials.
The sale of the M/T Wonder Polaris and M/T Wonder Bellatrix for $71.5 million will result in a net gain of $42.9 million for Toro Corp. This significant gain could positively impact the company's financials, leading to a potential increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100