Acquisition of Keppel Smit Towage and Maju Maritime by Rimorchiatori Mediterranei SpA
A&G News 1 August 2022
Allen & Gledhill advised Rimorchiatori Mediterranei SpA (“RMED”), a leading harbour towage operator headquartered in Italy and subsidiary of Rimorchiatori Riuniti Group, on its 100% acquisition of Keppel Smit Towage Private Limited and Maju Maritime Pte Ltd.
The transaction was signed in November 2021 after a highly competitive bidding process and closed in June 2022 after obtaining approval from the Singapore Maritime Port Authority. Following completion of the transaction, RMED became the third-largest towage operator in the world.
Advising RMED were Allen & Gledhill Partners Teoh Sze Min and Jonathan Choo.