Gadot Chemicals Tankers Considers Floating GCT
Thursday, January 04, 2007
Gadot Chemicals Tankers and Terminals Ltd. is considering floating its subsidiary, Gadot Chemical Terminals (1985) Ltd. (GCT). According to reports, GCT currently has a company value of NIS 250 million, and that an IPO would be held during the first half of the year.
Gadot Chemicals Tankers and Terminals comprises of two main businesses: GCT and its shipping business, as well as a number of other subsidiaries in a range of fields. Last November, Gadot acquired full control of Dutch company Bax Chemicals BV for NIS 31 million.
Source: Globes Online