Nordic Business Report-April 27, 2006-Camillo Eitzen & Co ASA to acquire Fouquet Sacop SA
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
The Norwegian shipping group Camillo Eitzen & Co ASA said on Thursday (27 April) that it has signed a letter of intent to acquire French tanker company Fouquet Sacop SA for EUR219m.
Fouquet Sacop owns a fleet of 12 chemical tankers and has three new buildings on order.
The proposed deal would increase Camillo Eitzen & Co's fleet of chemical tankers to a total of 60.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
((Comments on this story may be sent to firstname.lastname@example.org))