Deal snapshot: BRAEMAR SHIPPING ACQUIRES COAL BROKER ATLANTIC BROKERS FOR GBP 4.8M.
UK-based shipping, marine, energy, offshore and insurance industries services provider Braemar Shipping Services plc (LSE: BMS) has acquired the entire issued share capital of Atlantic Brokers Holdings Ltd, the holding company for physical and financial coal products broker Atlantic Brokers Ltd for a total consideration of GBP 4.8m (USD 6.71m), the company said.
Atlantic is an established introducing broker for ICE coal and CME Clearport coal futures and options; it is regulated by the Financial Conduct Authority and is also a member of the National Futures Association of the United States of America. The acquisition provides the opportunity to expand the combined Braemar and Atlantic businesses into new markets using Atlantic's experience and the physical shipping capability and market reach of Braemar.
Sector: Petroleum/Natural Gas/Coal
Target: Atlantic Brokers Holdings Ltd
Buyer: Braemar Shipping Services
Deal size in USD: 6.71m
Type: Corporate Acquisition
Financing: Cash and Stock
Buyer advisor: , ,
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|Publication:||M & A Navigator|
|Date:||Feb 7, 2018|
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