QuickView: Proposed major acquisition
The planned £281.2m acquisition of Platou by Clarkson follows two mergers already this year in the shipbroking sector. This reinforces the view that the benefits of size and breadth of coverage in shipping services will become more evident over the medium term. Clarkson’s global market leadership position will be enhanced by this deal, suggesting it will be a prime beneficiary from any further market uncertainty.Clarkson is an investment holding company. Through its subsidiaries, Co. is engaged in the provision of shipping and shipping related services. Co.'s operation is organized into four divisions: Broking division represents ship owners and charterers in the transportation by sea of a wide range of cargoes; financial division includes a futures broking operation which arranges principal-to-principal cash settled contracts for differences based upon standardized freight contracts; Support includes port and agency services representing ship agency services provided throughout the U.K.; and Research services encompass the provision of shipping related information and publications.
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