James Fisher & Sons Plc (FSJL)

 319.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 405.50
  • 52 Week Low: 250.00
  • Currency: UK Pounds
  • Shares Issued: 50.16m
  • Volume: 0
  • Market Cap: £160.02m

James Fisher in two acquisitions worth up to £18m

By Frank Prenesti

Date: Tuesday 08 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Marine, oil and gas services group James Fisher and Sons said it had made two acquisitions worth up to £18.6m.
The company said on Tuesday it had bought the entire share capital of Martek Holdings Limited for £9m and 60% of Murjan Al-Sharq for Marine Contracting (MSMC) for an initial £4.1m in cash.

Under the deals Fisher will pay out an extra £1m for Martek subject to a profit target for the year ending 28 February 2020 and an additional £4.6m for MSMC subject to profit targets for the year ending 31 December 2019.

Saudi-based MSMC, was established in 2010 by Abdullah Akbar Natheer, who retains a 40% minority interest.

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FSJL Market Data

Currency UK Pounds
Share Price 319.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 405.50
52 Week Low 250.00
Volume 0
Shares Issued 50.16m
Market Cap £160.02m

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FSJL Key Personnel

CFO Karen Hayzen-Smith

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