CMB in agreement for 27% stake in Anglo Eastern
Shipping firm says it wants access to ship management services

CMB ( Compagnie Maritime Belge ) announced yesterday that its 100% subsidiary Bocimar Hong Kong has concluded an agreement to acquire a 27% stake in the Anglo-Eastern Group (www.angloeastern.com).

The Anglo-Eastern Group primarily focuses its activities on the provision of ship management, crew management and newbuilding consultancy services.

The acquisition is still subject to due diligence. CMB expects to finalise this acquisition in the course of the month of August.

Through this acquisition CMB says it will establish itself in this specialised sector and secure its access to ship management and crew management services.

Anglo Eastern merged with British ship management firm Denholm in 2003. Denholm took a 30% stake in the new company and Anglo Eastern's European shipmanagement operations are headquarted in Glasgow.