Royal Burger Group sells its port agency activities
Royal Burger Group sells its daughter company B.P.A. B.V. (trade name S5 Agency World) in a full cash deal to investors represented by Karel Peters
Koninklijke Burger Groep B.V. (Royal Burger Group) announced last week that it has reached an agreement to sell its port agency activities in a full cash deal to investors. The generated proceeds combined with shareholder investments allow the company to realize its long-term strategic goals of expanding present business units (liner agencies, logistic services and ferry businesses). The transaction is expected to materialize within the next 30 days. After that Coert Kleijwegt will take over the helm as CEO of the Royal Burger Group.
According to Coert Kleijwegt, the Royal Burger Group strategy is “not just about growth in present business units. We’re actively looking for investments to fit an ongoing buy and build strategy. Therefore we have decided to launch Royal Burger Investments. We’d like to enlarge our present market scope and forcefully grow the Royal Burger Group beyond its original size. The investment firm will act as a family equity fund with focus on the maritime industry. We aim to grow a portfolio of about 3-5 investments.”
Coert Kleijwegt is experienced as a cargo broker, commercial and technical manager in the sectors of ship repair and vessel asset play. Thus he has gained a large knowledge in all aspects of the shipping industry. Royal Burger Group has chosen Coert Kleijwegt because of his strong strategic view, commitment to results and commercial skills. When asked about selling S5 Agency World, he clearly states that: “it was purely a strategic decision. We’re just on different paths”.
Royal Burger Group is an independent liner agency and logistics services provider in North West Europe, going back to 1772. It is part of the Cornelder group of companies that celebrates its 200 years anniversary this year. Cornelder also holds a stake in the port of Beira, the main transit port of East Africa, and a number of other non-maritime related investments.
www.royalburgergroup.com/
Quelle: LogEastics
Portal: www.logistik-express.com
