Marine Transport Logistics, Inc., (MTL) is to Sell its Finland Branch AB Astrareal OY
Bayonne, NJ (PRWEB) January 28, 2011
Marine Transport Logistics, Inc. (MTL), today announced its intention to sell its sole-owned Finland-based operating subsidiary AB Astrareal OY for the asking price of €150,000 to the qualified buyer.
Commenting on the announcement, MTL’s Chief Legal Office, Mr. Dimitriy Alper, ESQ. said: “Maximizing the value of our businesses in the face of a consolidating global market has been our most critical priority. We have determined the best way to do this is to find a buyer for our Finland-based branch who can roll the business forward, while providing valuable services to MTL’s clients and preserving employment to the greatest extent possible. This will ensure MTL’s strongest assets – client relationships. MTL clients have demonstrated consistent support for our services, and we want to ensure they continue to benefit under the new ownership.”
Mr. Alper continued: “The potential of Finland-based freight forwarding business is recognized throughout the industry, as Finland maintains the leadership in cargo transit operations. Our offer opens unlimited opportunities to the motivated and qualified business owners to extend a presence to the European Union, and engage in to business activities on the fast-growing Russian market”.
Details of Sale Process:
Consummation of the MTL’s Finland-based branch is subject to the satisfaction of MTL’s qualification conditions. The asset sale agreement may be a subject to purchase price adjustments under certain circumstances. Financial statements will be gladly presented to qualified buyers during due diligence process. Proof of funds is required for qualified buyer. MTL offers financing options and reasonable transition period to qualified buyer. Additional information is available at http://www.mtlworld.com/astrareal.html .
About Marine Transport Logistics:
Marine Transport Logistics, Inc. (http://www.mtlworld.com) was established in 1993, and is the USA NVOCC-licensed and IATA carrier of cargo worldwide. MTL is one of the leading global freight forwarding firms offering unbeatable prices for transportation of any type of cargo to any destination in the world; especially to Russia, Kazakhstan and other Eastern European destinations, the Middle East, Africa and China. MTL’s headquarter is located in Bayonne, NJ with additional offices in Russia, Finland, Dubai, and agents worldwide.
About AB Astrareal OY:
AB Astrareal OY, is MTL’s sole-owned Freight Forwarding and Port Operations Handling branch, was established in Kotka, Finland in 1997. AB Astrareal OY has a long track record of continuous successful operation, and great reputation, with thousands of satisfied clients around the world. The branch principally serves the Finland, European Union countries, United States and Russia on both the import and export side. It also acts as the agent for a number of foreign freight forwarding companies. The company relies on a quoting process, existing relations, and an outside sales effort to obtain new business.
For inquiries, details and conditions please contact Mr. Dimitriy Alper, ESQ. at dimitriy(at)mtlworld(dot)com
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