|
|
Maersk Group to buy Brostrom to augment tanker fleet by 100 |
|
02/09/2008 |
| A.P. Moller-Maersk has agreed to buy Brostrom AB for 3.62 billion Swedish kroner to add a fleet of almost 100 product and chemical tankers.
The Board of Goteborg, Sweden-based Brostrom, has unanimously recommended the offer, a stock exchange statement said.
Adding Brostrom’s 94 product tankers will take the Maersk fleet in that category to more than 130 vessels, the Maersk Group said, helping it tap demand from the energy industry as single-hulled vessels are phased out by 2010.
"The scale of the combined operation will enable us to offer a superior worldwide service through a large, modern and homogeneous fleet", Mr Soren Skou, Chief Executive Officer of Maersk Tankers, said in the statement. "We need scale to ensure our organisation is cost-effective and for customers to have easy access to chartering offices globally".
Brostrom reported sales of 3.5 billion kroner last year and a net income of 427 million kroner, according to the statement. |
|
|
print
this page
