1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186 
interbulk goes for further growth
Page 13
If you've noticed an error in this article please click here to report it so we can fix it.
INTERBULK, THE liquid and dry goods bulk haulier, plans further expansion following a deal last week which more than doubled its size.
Interbulk took over United Transport International (UTI) in a 'reverse takeover' deal worth £79.5m; chairman Bill Thomson says: -Interbulk's vision is to have one integrated group using four forms of intermodal container technology:ISO-tanks,ISO-veyors, Flexi-tanks and Flexi-liners. The acquisition of UTI is a significant step in realising this vision."
lnterbulk was formed in December 2004 and arrived on the Alternative Investment Market (AIM) just over a year ago through a reverse takeover of a financial shell, raising £14.5m at 20p/share.
The latest deal was partly financed by the release of.£28in of shares, again at 20p/share.
The reverse takeover left Interbulk's share price unchanged last week at 21.5p.
Rotterdam-based UTI had a turnover of £128m in the financial year to 30 September 2006, while Interbulk made £4.9rn profit on a £79m turnover in the same period. The deal is due to be complete( next month with dealings in thi enlarged company starting ox 11 April.