Toro Corp. Announces The Sale Of The M/T Wonder Formosa And The M/T Wonder Vega For An Aggregate $49.5M And Aggregate Expected Net Gain Of $26.7M
Portfolio Pulse from Benzinga Newsdesk
Toro Corp. (NASDAQ:TORO) has announced the sale of two tankers, M/T Wonder Formosa and M/T Wonder Vega, for a total of $49.5M. The company expects a net gain of $26.7M from these sales, excluding transaction-related costs. The vessels are expected to be delivered to their new owners in Q4 2023.
September 20, 2023 | 1:02 pm
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Toro Corp.'s sale of two tankers for $49.5M, with an expected net gain of $26.7M, could positively impact its financial performance and potentially its stock price.
The sale of these assets is expected to result in a significant net gain for Toro Corp., which could improve the company's financial performance. This, in turn, could have a positive impact on the company's stock price in the short term.
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