Abchurch announces that it is providing financial communications advice to its long standing AIM-listed client ACM Shipping Group plc (“ACM”), a leading international shipbroker, on its proposed merger with Main Market-listed Braemar Shipping Services Group plc (“Braemar”). Announced on 20 May 2014, the merger marks the creation of a market leading shipping company with an anticipated market capitalisation of £150 million when the deal is completed in late July 2014.
Julian Bosdet, Senior Partner at Abchurch Communications, said: “We have advised ACM since they joined AIM back in late 2006 and we are delighted to be able to advise them on this exciting recommended merger with Braemar. This merger will change the face of ship broking globally and comes at a key time in the shipping cycle.”
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