18/05/2006 The London Stock Exchange is delighted to welcome Bateman Litwin N.V. to AIM
18 May 2006
The London Stock Exchange is delighted to welcome Bateman Litwin N.V. to AIM.
Bateman Litwin. is an international provider of engineering, contracting and project management services for clients in the Oil & Gas, Power and Chemical industries.
The company operates through two divisions, Energy and Advanced Technologies. The Energy Division serves the oil, gas and power sectors and includes environmental applications within these sectors. The Advanced Technologies Division provides proprietary phosphate and solvent extraction technologies and related process and other engineering and project services to clients in the chemicals, metals, mining and oil sectors.
Bateman Litwin is headquartered in Amsterdam, The Netherlands and has operating centres in France, Kazakhstan, Israel, Italy, Romania, Switzerland and the US, with further offices worldwide.
The capital raised will enable the company to make complimentary acquisitions, support its plans to penetrate new markets, primarily in Asia and the Gulf region of the Middle East, and enhance its existing bonding facilities.
Shuki Raz, Chief Executive Officer of Bateman Litwin, commented: “We are delighted that the admission of the Company to trading on AIM has been completed successfully. The funds raised through the placing will enable us to exploit the growth potential of Bateman Litwin.”
Credit Suisse acted as Sole Bookrunner of the Offer, and as Nominated Adviser and Broker to the Company. Bridgewell Securities and Poalim Capital Markets acted as Co-Lead Managers in the Offer.