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The Consolidator Strikes Again
Growth is at the core of every corporate strategy and essentially, companies have the options to grow by either through organic expansion and ramping up their own business activities or collaborating with other industry players. PT Berlian Laju Tanker (“BLT”) is a firm believer of the latter. This week, in another landmark acquisition to expand its footprint in all regions worldwide, BLT announced its plans to launch a voluntary all-share offer for Camillo Eitzen & Co ASA (“CECO”).
BLT is certainly no stranger to consolidation. During the Asian Financial Crisis in 1998, BLT acquired Asean Maritime Corporation which indirectly
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Tags: · ABG Sundal Collier ASA, Asean Maritime Corporation, Axel C. Eitzen, Bugge Arentz-Hansen & Rasmussen, Camillo Eitzen & Co. ASA, Carnegie ASA, Chembulk Tankers, Eitzen Chemical ASA, Eitzen Gas, Eitzen Maritime Services, PT Berlian Laju Tanker, RS Platou Markets, Teekay, Wikborg Rein & Co
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