French broker Barry Rogliano Salles (BRS) is to take over Norwegian broking firm Pareto Shipping and set up a shipping investment-banking service joint venture with Pareto Securities.
The deal is an extension of the co-operation between the two, which began in China three years ago through the establishment of Asia Shipping International.
The latest deal will allow BRS to expand its broking business in Oslo and add financial services to its global client base as shipping increasingly turns to the public markets to raise funds.
Pareto
