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2nd October 2016, 06:00 PM
#1
British & Commonwealth Shipping
By 1978 B&C had run down its shipping interest considerably. Cayzer Irvine & Co. Ltd. had given up its management of ships. Cayzer Irvine Shipping had taken over, Cayzer Irvine Shipping was Turnbull Martin rebranded.
A few of the King Line Bulkers had been sold, a few Clan Line ships were left and two new tankers were due to come on stream in 1979.
B&C at one time at held 20% shareholding in Common Bros, this must have been reduced to 16%.
In 1978 B&C bought another 17.5% shareholding in Commons breaking their ownership to just over 33%.
Under the stock exchange 29% ownership can trigger a takeover bid, which B&C did, they offered t buy out the remaining shares. The offer lapsed due to lack of interest by Common Bros. shareholders.
Regards
Vic
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27th February 2017, 12:25 AM
#2
Re: British & Commonwealth Shipping
were the 2 tankers the scottish lion and the scottish eagle?
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27th February 2017, 09:32 AM
#3
Re: British & Commonwealth Shipping
Yes, Doc, that's them.
Regards
Vic
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