Regulatory Filings • Feb 27, 2015
Regulatory Filings
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Sale of the vessels Regina Baltica and Silja Festival
Tallinn, 2015-02-27 07:32 CET (GLOBE NEWSWIRE) --
Sale of the vessels Regina Baltica and Silja Festival
Tallinn Stockholm Line Ltd., a subsidiary of AS Tallink Grupp has come to an
agreement with Scandinavian interest (a non related party) to sell the motor
vessel Regina Baltica. The vessel is expected to be delivered by April 2015.
Tallink Swedish Line Ltd., a subsidiary of AS Tallink Grupp has come to an
agreement with Bridgemans Services Ltd. to sell the motor vessel Silja
Festival. The vessel is expected to be delivered to Bridgemans Services Ltd. by
April 2015.
Parties have agreed not to disclose the transaction prices. The
transactionswillhave no major impacttothegroupoperations and
consolidatedresults. Thecashflowfromthe sale of thevesselswillstrengthen the
group'sfinancialposition by supportingdividend payment, investments and
repayment of loans.
Harri Hanschmidt
Head of the Finance Department
AS Tallink Grupp
Sadama 5/7. 10111 Tallinn
Tel +372 640 8981
E-mail [email protected]
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