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DFDS — M&A Activity 2011
Jul 26, 2011
3361_iss_2011-07-26_772080f8-e4bd-4571-8acd-873c56589e5d.pdf
M&A Activity
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BID FOR ASSETS OF SEAFRANCE
• Joint bid by DFDS and Louis Dreyfus Armateurs Group
DFDS and the French shipping Group Louis Dreyfus Armateurs have today made a joint bid for certain assets of SeaFrance. The bid is subject to certain conditions, including approval by relevant competition authorities.
The bid is made in response to an announcement by the receiver appointed for SeaFrance requesting bids to be made by 26 July 2011. SeaFrance went into receivership in June 2010.
SeaFrance operates a short-sea passenger and freight route between Dover and Calais deploying three ro-pax ships and one ro-ro ship. In 2010 the route transported 2.9m pax and 551 ths freight units.
If the bid is successful DFDS and Louis Dreyfus Armateurs will form a jointly owned company, with DFDS as the majority shareholder, to acquire the assets of SeaFrance. It is furthermore the intention to transfer DFDS' Dover - Dunkirk route and Louis Dreyfus Armateurs' ferry shipping activities, LD Lines, to the joint company.
Louis Dreyfus Armateurs is a French shipping Group operating in several market segments, including bulk, offshore and ferry shipping. The company's ferry shipping activities, LD Lines, were established in 2003 and currently comprises four routes.
Background of bid
The participation in the bid, and cooperation with Louis Dreyfus Armateurs Group, reflects DFDS' strategy of building a European integrated shipping and logistics network.
DFDS A/S, Sundkrogsgade 11 DK-2100 Copenhagen Ø CVR 14 19 47 11
Company announcement no. 18/2011
26.07.2011
Page 1/1
Contact persons Niels Smedegaard, CEO +45 33 42 34 00
Torben Carlsen, CFO +45 33 42 32 01
Søren Brøndholt Nielsen, IR +45 33 42 33 59
DFDS profile
DFDS is Northern Europe's largest integrated shipping and logistics company.
DFDS Seaways operates a network of 25 routes with 50 freight and passenger ships, while DFDS Logistics provides freight solutions in Europe with trailers, containers, and rail.
DFDS has 5,000 employees in 20 countries, and revenue reaches DKK 12bn in 2011. The Company was founded in 1866, is headquartered in Copenhagen, and is listed on NASDAQ OMX Copenhagen.
Disclaimer
The statements about the future in this announcement contain an element of risk and uncertainty, both in general and specific terms, and this means that actual developments may diverge considerably from the statements about the future.