Is Abu Dhabi Mar Group buying large German Shipbuilder
We all know that Abu Dhabi Mar, isn’t just a new shipyard based in the UAE. Indeed, very little business man would enter such a difficult market with a new brand and start with 100+ meters yachts (300 ft). Abu Dhabi Mar group is obviously, backed up by world’s richest sovereign fund.
After a first Joint Venture with CMN and Nobiskrug launched at MYS ‘09 (monaco yacht show) where it is known that the owner of CMN is an ADMG (abu dhabi mar group) shareholder, ADMG is looking forward to new “joint ventures”, which we feel will be called acquisitions in the near future.
Each of the yards had its own stand at the Monaco Yacht Show and they had new group brochures sporting a common logo. The new business strategy has been evolved over recent weeks at a series of meetings in the south of France.
Rumors, thought, refer to Blohm and Voss as the next target, which is part of Tyssen Krupp, hence, is ADMG interested in Shipyards or its ultimate target is the steel industry?
We are certain of one thing ADMG has the liquidity needed to make any move, although, somes business moves could be politically uncomfortable on the international scene, and some countries are more nationalistic than others when it comes down to key industries.
For more info, Contact us: info@RodriquezConsulting.com
Date: October 2, 2009
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