Announced
Completed
Financials
Tags
towing
Acquisition
Single Bidder
Singapore
Cross Border
Private
shipping services
Friendly
Majority
Malaysia
Marine Transportation
Completed
Synopsis
Rimorchiatori Mediterranei, a harbour towage operator, completed the acquisition of a 49% stake in towage and shipping services providers KST and Maju from business conglomerates Boskalis and Keppel, for $91m. The agreement is subject to approval from the regulatory agencies in Singapore and the transaction is expected to close in the first half of 2022.
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