Processing timeline
13
days
Acquirer(s)
Global Engage Marine Pty Ltd ACN - 693 762 122, PT Asian Bulk Logistics NIB - 8120012130871
Target(s) or Vendor(s)
ENGAGE MARINE TOPCO PTY LTD ABN - 46 675 998 562
Other parties
AUSTRALIAN GLOBAL INFRASTRUCTURE PTY LTD ABN - 47 663 347 948, BAUXITE TRANSHIPMENT SERVICES PTY LTD ABN - 13 609 909 239, Transhipment Services Australia Pty Ltd ABN - 99 148 199 937, AUSTRALIAN GLOBAL MARINE AND LOGISTICS PTY LTD ABN - 68 682 427 587, TSA BAUXITE PTY LTD ABN - 36 607 885 147, TSA NOMINEES PTY LTD ABN - 12 607 883 803, Tug and Barge Services Pty Ltd ABN - 55 147 972 012
PT Asian Bulk Logistics, through its Australian subsidiary Global Engage Marine Pty Ltd, proposed to acquire 100% of the issued share capital in Engage Marine TopCo Pty Ltd. Engage Marine provides marine services, including terminal and harbour towage. PT Asian Bulk Logistics is an integrated logistics and infrastructure group. This was a share sale.
PT Asian Bulk Logistics, through its Australian subsidiary, Global Engage Marine Pty Ltd, proposes to acquire 100% of the issued share capital in Engage Marine TopCo Pty Ltd ( Engage Marine ). Engage Marine provides terminal and harbour towage including the berthing and sailing of Cape-size, Panamax, and Handy-size vessels. Engage Marine also provides ad-hoc towage emergency response solutions in salvage situations. The main industry Engage Marine operates in is marine services (towage and port services). PT Asian Bulk Logistics is an integrated logistics and infrastructure group supplying bulk logistics services, port services and marine services. It primarily operates in Indonesia. Through one of its subsidiaries, Transhipment Services Australia, PT Asian Bulk Logistics operates a port-specific towage fleet supporting transhipment and logistics operations. PT Asian Bulk Logistics operates two additional subsidiary companies in Australia – One Rail Australia and SCF Containers.