Norfolkline sale finalised
The European Commission has given Danish ferry operator DFDS the seal of approval on its purchase of Norfolkline.
The €346 million deal still leaves previous owner Maersk with a 31% stake in Norfolkline but it is expected the company will eventually sell the shares after a lock-in period of 24 months.
The European Commission required DFDS to arrange a “space charter agreement” on some Denmark-UK routes in order to approve the sale and DFDS has now done that with Stena Line.
The new owner says it believes new synergies will save the company $30-$36 million annually.
Dinah
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