Slaughter and May acted as global deal counsel to Maistros Shiptrade Limited, a company affiliated with the Angelicoussis Group, on its acquisition of Altera Shuttle Tankers LLC (“Altera”), a wholly-owned subsidiary of Altera Infrastructure LP. Altera is a leading shuttle tanker provider that owns and operates 18 shuttle tankers in Brazil, Canada and the North Sea.
The Angelicoussis Group is one of the world’s largest privately-owned shipping groups, with 144 vessels on the water and 23 vessels (including three shuttle tankers) on order. Dating back to 1947, the Group has a long family legacy providing best-in-class shipping services to the LNG, tanker and dry bulk markets.
Completion of the transaction is conditional upon receipt of relevant regulatory approvals. Subject to receipt of such approvals, completion is expected to occur in the first half of 2025.
Jan Domingo Alsina / Trainee, Adam Austin / Trainee