Shipbroking giant in talks to buy Norway's Platou
London
CLARKSON plc, the world's largest shipbroker, is in talks about purchasing Norway's RS Platou ASA, a transaction that would create a business with double the sales of its closest publicly traded competitor.
Clarkson, which is based in London, said in a regulatory statement that it's in talks to purchase all of the Oslo-based firm's issued share capital. The two companies' sales last year amounted to US$500 million, according to data compiled by Bloomberg. Braemar Shipping Services and ACM Shipping Group, which merged in July, had comb…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’
Swedish manufacturer is latest to offer electric pleasure craft in Singapore
Mercedes says it will continue to invest in China tie-ups