Clarksons shoots for shipbroker RS Platou

The world's largest shipbroker, Clarksons PLC is lining up to purchase Norwegian company, RS Platou ASA
Clarksons shoots for shipbroker RS Platou

Clarksons is in discussions with the board of Norwegian shipbroker, RS Platou regarding the acquisition of the company

According to a statement from Clarksons, the complementary activities, including geographic locations, operations and industry specialisation, mean that both companies see the possible acquisition as allowing them to enhance their combined business positions and compete as a "leading integrated global shipping and offshore group."

The Platou Group is an international broker and investment bank focused on the offshore and shipping markets. Established in 1936, the company operates from 18 offices located in key global shipping and financial centres with around 370 employees.

Details of purchase price have not been disclosed, however it is likely that the takeover will be handled via cash and shares.

Clarksons is currently the world’s largest shipbroker, with over 1,000 staff. According to the London Stock Exchange, the company has a market capitalisation of £423 million.

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by Laura Stackhouse

readmt.com Editor

Laura Stackhouse is the Web Editor of readmt.com, an official publication of the International Marine Purchasing Association (IMPA). To discuss news, features or contributing to readmt.com please get in touch.

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