Lehman takes Navios Maritime stake

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

28 Dec 2007

Lehman Brothers Holdings Inc. (NYSE:LEH) has taken an 8.1 percent passive stake in drybulk shipping company Navios Maritime Partners LP, according to a Securities and Exchange Commission filing Wednesday. Lehman reported holding 846,035 shares of Navios Maritime Partners, which went public with an initial public offering in November. The drybulk shipper was formed by Greek shipping company Navios Maritime Holdings Inc. (NYSE:NM) The investment house disclosed its stake in a Schedule 13G filing, which indicates the investment is passive. In the filing, Lehman said the shares were not acquired to change or influence control of the company. In November, billionaire George Soros reported a 5.7 percent passive interest in Navios Maritime Partners. In afternoon trading, Navios Maritime Partners shares fell 35 cents to $18.15, which is 9 percent below the company's IPO price of $20 per share.