Leif Hoegh To Purchase Unicool Shareholding

Leif Hoegh & Co., who owns 49.8 percent of Unicool, has signed an agreement to purchase the 50 percent shareholding in the company owned by South African Marine Corp., effective early January 2000. Unicool, through its two subsidiaries Cool Carriers and Arctic Reefers, is a worldwide operator of reefers with a fleet of 68 vessels, of which Unicool owns 16.