Printer Friendly

Deal snapshot: BRAEMAR SHIPPING ACQUIRES COAL BROKER ATLANTIC BROKERS FOR GBP 4.8M.

MANews-(C)2009-2018

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.

Country: UK

Sector: Petroleum/Natural Gas/Coal

Target: Atlantic Brokers Holdings Ltd

Buyer: Braemar Shipping Services

Vendor:

Deal size in USD: 6.71m

Type: Corporate Acquisition

Financing: Cash and Stock

Status: Closed

Buyer advisor: , ,

Comment:

COPYRIGHT 2018 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:Feb 7, 2018
Words:162
Previous Article:Deal snapshot: FULCRUM UTILITY SERVICES ACQUIRES ELECTRICAL INFRASTRUCTURE SERVICES FIRM DUNAMIS.
Next Article:Deal snapshot: UNITE GROUP ACQUIRES 331-BED PROPERTY IN EDINBURGH.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters