Algoma Central Corporation and Nova Marine have announced that NovaAlgoma Cement Carriers Limited has doubled its investment in JT Cement AS by acquiring an additional 25% of its share equity from KGJ Cement Holdings AS.
Algoma Central Corporation (“Algoma”) (TSX: ALC), a leading provider of marine transportation services, and Nova Marine (“Nova”) a Europe based ship-owning and operating company specialized in the dry-bulk sector, today announced that NovaAlgoma Cement Carriers Limited (“NACC”), has doubled its investment in JT Cement AS (“JT Cement”) by acquiring an additional 25% of its share .