KKR-backed venture acquires Commerzbank ships for $254.5 million
July 23, 2015 at 02:29 AM EDT
July 23 (Reuters) - KKR & Co LP's Embarcadero Maritime unit will pay $254.5 million to buy 18 dry bulk and container ships from Commerzbank AG's Hanseatic Ship Asset Management GmbH, the companies said on Thursday.