Top Ships rejects chance to buy portfolio from controlling shareholder’s private interests
Key takeaways
- Top Ships rejects chance to buy portfolio from controlling shareholder’s private interests
- Greek shipowner Evangelos Pistiolis has seen a major Dubai property sale fall through due to the Iran war.
- His New York-listed tanker company Top Ships has rejected a chance to acquire the residential portfolio for $200m-plus from Pistiolis, the chief executive and major shareholder.
- The shipping firm had agreed an option for the property in November 2025.
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Greek shipowner Evangelos Pistiolis has seen a major Dubai property sale fall through due to the Iran war.
His New York-listed tanker company Top Ships has rejected a chance to acquire the residential portfolio for $200m-plus from Pistiolis, the chief executive and major shareholder.
The shipping firm had agreed an option for the property in November 2025.
Original publication
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