July 9, 2007
CMB takes stake in Anglo-Eastern
CMB (Compagnie Maritime Belge) reports that its 100 percent subsidiary Bocimar Hong Kong has concluded an agreement to acquire a 27 percent 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. Through this acquisition CMB will establish itself in this specialized sector and secure its access to ship management and crew management services.
The acquisition is subject to due diligence and CMB expects to finalize it sometime in August.