UK-based P&I Club Sunderland Marine (SMMI) announced that its members “voted strongly in favor” of the proposed merger with North of England P&I Club at an Extraordinary General Meeting held on January 28, 2014.
The bulletin noted that North of England’s Members had previously approved the proposed merger “in accordance with the Framework Agreement entered into by both companies” on the 16th of January 2014
“Of the votes cast by the Sunderland Members, in excess of 93 percent voted in favor of the merger proposal.
“Regulatory approval is still required for the transaction to be completed and this is awaited in the coming weeks,” the announcement concluded.
Source: Sunderland Marine
Topics Mergers & Acquisitions
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