Clarkson PLC
12 January 2005
CLARKSONS ITALIA
The Ferrobulk Group of Companies and Clarksons today announce that they are in
discussions with a view to merging their operations in Italy. Ferrobulk, based
in Genoa, is a privately owned shipbroking group with 30 staff predominantly
serving the dry bulk sector.
Massimo Dentice, Chairman of Ferrobulk commented: 'The Italian market offers
considerable opportunities to an international group like Clarksons. I am
delighted that my colleagues and I will be operating their franchise in Italy.
This will further enhance the service we offer our international and local
clients. Clarksons has an unrivalled name in shipping and we look forward to
delivering their full range of products, including freight/asset management
consultancy/ general research and S&P.'
Richard Fulford-Smith, CEO of Clarksons said 'Joining forces with Ferrobulk
gives us an ideal operating platform from which we can respond proactively to
the needs of the Italian marketplace. The provision of a proper franchise to an
established team in Italy will enable us to broaden our industry knowledge and
contacts. These are exciting times for our expanding group.'
This transaction is still subject to due diligence and final contract. In
accordance with the UK Listing Authority Rules, further details of this Class 2
transaction will be made upon completion.
For further information:
Richard Fulford-Smith Clarkson PLC
Telephone: +44 20 7334 3139
Massimo Dentice Ferrobulk Srl
Telephone:+ 39 010 55 401
This information is provided by RNS
The company news service from the London Stock Exchange