TITLE

Clydes to merge with Beaumonts

AUTHOR(S)
Griffiths, Catrin
PUB. DATE
June 2005
SOURCE
Lawyer;6/13/2005, Vol. 19 Issue 23, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that in the biggest move to hit the shipping and insurance sector for years, Clyde & Co. is merging with aviation boutique Beaumont & Son to create a 117 million pound business. The merger will take effect from July 1, 2005 and will swell Clydes' revenues by 13 million pounds. Eleven Beaumont partners will join Clydes' full equity, while one Beaumont partner will join Clydes' management board. Analysts are of the view that the merger may herald a new bout of consolidation in the shipping and insurance sector.
ACCESSION #
17407071

 

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