StockMarketWire.com - Braemar Shipping Services has completed the sale of Casbarian Inc, its US based technical services subsidiary, to the management.

Following the recent performance of Casbarian, Braemar undertook a review of its operations and concluded that the strategic fit with the Braemar technical services division was not sufficiently strong to justify future investment. Accordingly the decision was taken to exit the business.






Story provided by StockMarketWire.com