Braemar Shipping Services acquires Atlantic Brokers for £4.8m
Source - SMW
Braemar Shipping Services said it had acquired coal-product company Atlantic Brokers for £4.8m for a combination of cash and shares.
The £2.7m cash component would be financed from funds drawn down from existing credit agreements, together with the company's own resources Braemar said.
Atlantic generated revenue and pre-tax profit for the year ended 30 June of £4.7m and £0.6m, respectively.
At 1:47pm: (LON:BMS) Braemar Shipping Services PLC share price was +2.5p at 261p