Sinotrans to acquire 35.3% of InterBulk

Sinotrans HKL has conditionally agreed to subscribe for 165 million Placing Shares of InterBulk at a total cost of approximately £18.15 million.
 

On completion, Sinotrans will own approximately 35.3% of the enlarged share capital of InterBulk.

InterBulk supplies global intermodal logistics solutions for the movement of liquid and dry bulk materials, and is one of the world’s largest operators of Tankcontainers for the movement of liquids and Europe’s leading provider of intermodal ‘bag-in-box‘ containers for the movement of dry bulk products. 

The proposed Placing is a strategic investment consistent with Sinotrans‘ development strategies of its chemical logistics business, and will extend its reach into the international chemical logistics market, particularly in Europe.

Quelle: eyefortransport
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