Green light for acquisition of Broström
SHIPPING: A.P. Moller - Maersk has now received the clearance from the European competition authorities for its acquisition of Broström. The acquisition will create the world's leading product tanker company
No other approvals are required to complete the offer and all conditions are consequently fulfilled. The offer made through A.P. Moller - Maersk wholly owned Swedish subsidiary Maersk Product Tankers is hereby declared unconditional.
"We are pleased that we have received the necessary approvals, and we now look forward to beginning the integration process which will create the world's leading product tanker company", says Kristian Moerch, Senior Vice President of Maersk Tankers
The final number of votes and share capital in Broström AB controlled by A.P. Moller - Maersk after completion of the Offer is expected to be announced on 19 January as soon as the final number of shares tendered has been calculated. The acceptance period expires 16 January 16.00 CET.
"The combination of the two organisations will be able to offer a superior worldwide service across segments by having a large, modern and homogenous fleet with the highest safety standards", says Kristian Moerch
Source: A.P. Moller - Maersk
