Independent journal on economy and transport policy
17:53 GMT+1
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The Nam Cheong malaysian will acquire 30% about of the Indonesian BBR
the investment will pile to 30,7 million dollars
September 29, 2014
The Nam Cheong malaysian, society quoted to the Stock exchange of Singapore that is specialized in the construction of Offshore Support Vessel (OSV), has signed a binding agreement in order to acquire for 30,7 million dollars 30% about of the capital stock of the Indonesian Bina Buana Raya (BBR), quoted marine company to the Indonesian Stock exchange that is under responsibility of the Marco Polo Marine group (than it stops 49.6% of the capital) and that it is active mainly in the chartering of own fleet of unit OSV, tugs and barges.
"Our program - the managing director of Nam Cheong has explained, Leong Seng Keat - is to develop partnership strategic with regional operators in order to strengthen our position in the nations in which the activity of cabotage it is protect. To invest in the BBR equips us of a platform in order to enter in the protected market of the Indonesian cabotage thanks to the wide net and to the strong presence of the BBR in the nation".
The agreement previews that Nam Cheong signs until 1,6 million actions of BBR of new issue. This last one will use part of the investment of the society malaysian in order to buy from the same Nam Cheong five OSV of small and average dimension for a total of 85,0 million dollars.
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The Nam Cheong malaysian, society quoted to the Stock exchange of Singapore that is specialized in the construction of Offshore Support Vessel (OSV), has signed a binding agreement in order to acquire for 30,7 million dollars 30% about of the capital stock of the Indonesian Bina Buana Raya (BBR), quoted marine company to the Indonesian Stock exchange that is under responsibility of the Marco Polo Marine group (than it stops 49.6% of the capital) and that it is active mainly in the chartering of own fleet of unit OSV, tugs and barges.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
