Release Date: 13 August 2007
Release ID: 1312
Broström (STO:BROB) is one of the leading logistics companies for the oil and chemical industry, focusing on industrial product and chemical tanker shipping and marine services. Broström is based worldwide, with head offices in Göteborg, Sweden.
Broström has a minority stake as one of the private shareholders in the company operating the port of Norrköping, Norrköpings Hamn & Stuveri AB. Broströmís ownership represents 2.8% of the company. The local community, Norrköpings Kommun, holds 40% whereas the balance is being owned by private companies including Broström. All private owners have now agreed to sell their shares to Norrköpings Kommun. The sale generates a profit before tax of about SEK 10 m for Broström. The agreement is subject to final approval by Norrköpings Kommun wherafter the transaction is expected to be finalised in October this year.
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