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ACQUISITION OF 27% OF ANGLO-EASTERN GROUP

07-10-2007 11:07 PM CET | Logistics & Transport

Press release from: CMB

CMB announces 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 will establish itself in this specialised sector and secure its access to ship management and crew management services.

CMB, Compagnie Maritime Belge, is a maritime group with its registered offices in Antwerp. The company was founded in 1895. Its shares are quoted on Euronext. The CMB share is included in the Next 150 index and is also part of the NextPrime index. The CMB Group's main activities are all directly or indirectly related to the shipping industry, i.e. transport of dry cargo and related financial activities.

CMB n.v.
De Gerlachekaai 20
B-2000 Antwerp 1
Belgium
Tel: 32-3-247 59 11
Fax: 32-3-248 09 06
financial@cmb.be

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