DHT Holdings has entered into an agreement to acquire all the outstanding shares of Samco Shipholding Pte. Ltd., a private, Singapore-based company, for a purchase price of approximately $317 million and the assumption of approximately $320 million of indebtedness. Cravath represented DHT in connection with this transaction, which is expected to close in September 2014 and is subject to various customary closing conditions. The transaction includes Samco’s 50% ownership in Goodwood Ship Management Pte. Ltd., a private, Singapore-based ship management company that currently manages all of DHT’s vessels.

The Cravath team was led by partners Erik R. Tavzel on M&A matters and Stephen L. Burns on securities matters and included associates Curtis R. Weber, Laura E. Hansell, Jared B. Taylor and Matthew G. Jones on corporate matters; and partner Michael L. Schler and associate Jay S. Gill on tax matters.