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Deloitte to advise Gulf Navigation on acquisition deal

Deloitte to advise Gulf Navigation on acquisition deal
More information will be revealed once the acquisition is completed (Photo Credit: Company Website)
Gulf Navigation
GULFNAV
-0.49% 6.09 -0.03

Dubai – Mubasher: Gulf Navigation Holding signed a strategic contract with Deloitte, according to a bourse statement.

Under the deal, Deloitte will provide advisory services for Gulf Navigation in an acquisition of a “large” shipping fleet.

“With the completion of this acquisition, Gulf Navigation Holding will witness an unprecedented expansion of its shipping fleet, ship management services and other maritime services,” according to the group’s managing director and CEO Khamis Juma Buamim.

Buamim added that more information will be revealed once the acquisition is completed.