Independent journal on economy and transport policy
14:52 GMT+1
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Agreement of fusion between shipbroker British the Braemar and ACM
The two companies give job respective to 886 and 140 people
May 20, 2014
The societies of British of marine brokerage Braemar Shipping Services and ACM Shipping Group have reached a fusion agreement based on which the first company will acquire the entire capital stock of the ACM and the shareholders of this last one will receive two new common stocks of 250 the Braemar new and pence cash every five common stocks of ACM currently in they possession. The agreement assigns to ACM a value of about 55 million pounds (67 million euros). After the fusion, operation that will have to be approved of from the shareholders of both the companies, the capital of the Braemar, that it will continue to being quoted to the Stock exchange of London, will be participated for 28% of the total from the shareholders of the ACM and for 72% from the shareholders of the Braemar.
In the year conclusosi 28th February the Breamar group, that it appoints to a job 886 people and it has headquarters to London, Singapore and Houston, has recorded revenues for 125,5 million pounds and a profit before taxes of 9,0 million pounds. In the exercise finished anniversary 31st March the ACM, that it appoints to a job 140 people, has totaled revenues for 24,1 million pounds and a profit before taxes of 3,1 million pounds.
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The societies of British of marine brokerage Braemar Shipping Services and ACM Shipping Group have reached a fusion agreement based on which the first company will acquire the entire capital stock of the ACM and the shareholders of this last one will receive two new common stocks of 250 the Braemar new and pence cash every five common stocks of ACM currently in they possession. The agreement assigns to ACM a value of about 55 million pounds (67 million euros). After the fusion, operation that will have to be approved of from the shareholders of both the companies, the capital of the Braemar, that it will continue to being quoted to the Stock exchange of London, will be participated for 28% of the total from the shareholders of the ACM and for 72% from the shareholders of the Braemar.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
