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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| Currency | UK Pounds |
| Share Price | 400.00p |
| Change Today | 0.010p |
| % Change | 0.25 % |
| 52 Week High | 400.00 |
| 52 Week Low | 288.00 |
| Volume | 401 |
| Shares Issued | 50.16m |
| Market Cap | £200.66m |
| Strong Buy | 4 |
| Buy | 0 |
| Neutral | 0 |
| Sell | 0 |
| Strong Sell | 0 |
| Total | 4 |

| Time | Volume / Share Price |
| 13:47 | 32 @ 400.00p |
| 08:10 | 369 @ 400.00p |
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