Clarkson PLC
12 January 2005
CLARKSONS ITALIA
The Ferrobulk Group of Companies and Clarksons today announce that they are in
discussions with a view to merging their operations in Italy. Ferrobulk, based
in Genoa, is a privately owned shipbroking group with 30 staff predominantly
serving the dry bulk sector.
Massimo Dentice, Chairman of Ferrobulk commented: 'The Italian market offers
considerable opportunities to an international group like Clarksons. I am
delighted that my colleagues and I will be operating their franchise in Italy.
This will further enhance the service we offer our international and local
clients. Clarksons has an unrivalled name in shipping and we look forward to
delivering their full range of products, including freight/asset management
consultancy/ general research and S&P.'
Richard Fulford-Smith, CEO of Clarksons said 'Joining forces with Ferrobulk
gives us an ideal operating platform from which we can respond proactively to
the needs of the Italian marketplace. The provision of a proper franchise to an
established team in Italy will enable us to broaden our industry knowledge and
contacts. These are exciting times for our expanding group.'
This transaction is still subject to due diligence and final contract. In
accordance with the UK Listing Authority Rules, further details of this Class 2
transaction will be made upon completion.
For further information:
Richard Fulford-Smith Clarkson PLC
Telephone: +44 20 7334 3139
Massimo Dentice Ferrobulk Srl
Telephone:+ 39 010 55 401
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.