Berlian Laju on US$600 million actions
Listed giant shipping company PT Berlian Laju Tanker Tbk announced its plan to acquire shares in shipping companies and fleet development to cost more than US$600 million.
Berlian plans to purchase shares in shipping companies based in Europe with enterprise value up to Euro 200 million and add vessels through purchase or participation on vessels through newbuilds, second-hand vessels or fleet of vessels with total planned investment up to US$400 million.
The Europe acquisition would mainly on the shipping companies with transportation of liquid cargoes.
Berlian plans to purchase shares in shipping companies based in Europe with enterprise value up to Euro 200 million and add vessels through purchase or participation on vessels through newbuilds, second-hand vessels or fleet of vessels with total planned investment up to US$400 million.
The Europe acquisition would mainly on the shipping companies with transportation of liquid cargoes.
The financing for both major transactions would come from the company's internal funds and loans.
Berlian booked net income of Rp645.18 billion last year, jumped from Rp243.2 billion in the previous year. The company has total assets of Rp7.9 trillion as of December 2005, of which Rp5.899 trillion was non-current. Public shareholders control 54.52% of the company shares.
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posted by yosef at 8:38 AM
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