Clarksons has announced that it has finalised the details of its acquisition of the RS Platou.
The UK shipbroker is paying $441 million (£281.2 million) to take over RS Platou, a ship and offshore broking company.
Just two weeks ago Clarksons announced that it was planning a takeover of RS Platou.
Clarksons will pay 75 percent of the sum in shares, 16.66 percent in loan notes and 8.35 percent in cash.
RS Platou shareholders will receive up to 9.52 million shares equalling 75 percent of the price, giving them a stake of 33.4 percent, excluding the effects of the separate share sale.
The new group will be headquartered in London and employ around 1,400 people in 21 countries.
Platou’s chief executive Peter Anker, who will become president of brokerage and investment banking, will be joined on the new combined board by director Birger Nergaard and chairman Ragnar Horn.
In Clarksons’ proposed acquisition document, the company states that Platou’s global relationships “especially with Scandinavian and industrial clients, would establish a broader client mix within global shipping and offshore markets and further increase the geographical reach of the enlarged group.”
Offices in Oslo, New York and Singapore will be combined to save cash.
Together, the companies will offer brokerage services as well as financial, support and research services across shipping and offshore markets.