CMB Acquires 27% of Anglo-Eastern Group

Maritime Activity Reports, Inc.

July 9, 2007

CMB announces that its 100% subsidiary Bocimar Hong Kong has concluded an agreement to acquire a 27% stake in the Anglo-Eastern Group (www.angloeastern.com). The Anglo-Eastern Group primarily focuses its activities on the provision of ship management, crew management and newbuilding consultancy services. The acquisition is still subject to due diligence. CMB expects to finalise this acquisition in the course of the month of August. Through this acquisition CMB intends to establish itself in this specialised sector and secure its access to ship management and crew management services.
Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week

Subscribe for Maritime Reporter E-News