12th Jan 2005 16:29
Clarkson PLC12 January 2005 CLARKSONS ITALIA The Ferrobulk Group of Companies and Clarksons today announce that they are indiscussions with a view to merging their operations in Italy. Ferrobulk, basedin Genoa, is a privately owned shipbroking group with 30 staff predominantlyserving the dry bulk sector. Massimo Dentice, Chairman of Ferrobulk commented: 'The Italian market offersconsiderable opportunities to an international group like Clarksons. I amdelighted that my colleagues and I will be operating their franchise in Italy.This will further enhance the service we offer our international and localclients. Clarksons has an unrivalled name in shipping and we look forward todelivering their full range of products, including freight/asset managementconsultancy/ general research and S&P.' Richard Fulford-Smith, CEO of Clarksons said 'Joining forces with Ferrobulkgives us an ideal operating platform from which we can respond proactively tothe needs of the Italian marketplace. The provision of a proper franchise to anestablished team in Italy will enable us to broaden our industry knowledge andcontacts. These are exciting times for our expanding group.' This transaction is still subject to due diligence and final contract. Inaccordance with the UK Listing Authority Rules, further details of this Class 2transaction 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 ExchangeRelated Shares:
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