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ICAP plc Announces Acquisition Of CTI Shipbrokers (India) Pvt. Ltd

Thursday, 27 Sep 2012 02:00am EDT 

ICAP plc announced that it has acquired shares with a gross asset value of $2.464million in CTI Shipbrokers (India) Pvt. Ltd (CTI India) from Captain Jaideep Kapoor and Tradex Chartering & Trading Private Limited. Following this acquisition, CTI India has become a 100% owned ICAP company. CTI India's core business is in dry, tanker and sale and purchase broking. The acquisition provides ICAP Shipping with a subsidiary in India with offices in New Delhi and Mumbai employing 28 people. 

Company Quote

1.9 +0.50%
7:50am EDT