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New Deal


Announced

Completed

Mitsui-backed MOL Chemical Tankers completed the acquisition of Fairfield Chemical Carriers from Fairfield-Maxwell for $400m.

Financials

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Transaction Value£319m
Consideration TypeAsset Swap
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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chemical tanker shipping

Marine Transportation

Acquisition

Private

Friendly

Majority

Single Bidder

Completed

Singapore

Domestic

Synopsis

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Mitsui-backed MOL Chemical Tankers, a company specialising in ocean transport of liquefied chemicals and oil, completed the acquisition of Fairfield Chemical Carriers, a chemical tanker shipping business, from Fairfield-Maxwell, a consulting company that provides financial strategies to enhance business growth for organizations, for $400m. “Now, MOL Chemical Tankers and Fairfield Chemical Carriers are one company. This is the beginning of a new era in our great company. Our aim is to become an excellent operator in every aspect. By combining the companies, MOL Chemical Tankers will now have a broader, stronger fleet and service network for customers," Akira Sasa, MOLCT CEO.

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