Saam Towage has finalised the deal to purchase 70 per cent of post-capitalisation shares of Colombian operator Intertug.
Through this investment of US$49.7 million, Saam will begin offering towage services in the Colombian market as well as expand its operations in Mexico, Central America, and the Caribbean.
The purchase will be financed through a combination of debt and corporate resources. The stake in Intertug will be acquired via a capital increase and share purchase, which will provide Saam with an adequate capital structure to advance its growth and efficiency plans.
The best maritime site on the web. The sea's our scene!