Braemar Pays Too Much for Naves Acquisition, Cites New Chief

• BRAEMAR is set to integrate Hamburg ship finance unit Braemar Naves into its core London-based shipbroking activities.
• The listed company’s new chief executive said his predecessor overpaid for the acquisition in 2017.
• Deferred consideration still owed to the previous owners has been shunted back for more than four years.

A Lloyds List news report by David Osler highlights that Braemar is overpaid for Naves acquisition, according to the new chief.

Deferred consideration...

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