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Tallink Grupp — M&A Activity 2017
Dec 14, 2017
2225_rns_2017-12-14_5343f02a-59ce-45f7-90d1-063122ac65d3.html
M&A Activity
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AS Tallink Grupp completes the sale of the Superfast vessels
AS Tallink Grupp completes the sale of the Superfast vessels
Tallinn, 2017-12-14 12:39 CET (GLOBE NEWSWIRE) --
AS Tallink Grupp completes the sale of the Superfast vessels
The subsidiaries of AS Tallink Grupp, Baltic SF VII Ltd and Baltic SF VIII Ltd
have delivered today on 14.12.2017 the vessels M/S Stena Superfast VII and M/S
Stena Superfast VIII to the company Stena North Sea Ltd.
Value of the deal is 133.5 million euros and the profit from the sale of the
vessels is not significant to the consolidated results of AS Tallink Grupp. The
cash flow from the sale of the vessels will strengthen the group's financial
position.
Veiko Haavapuu
Finance Director
AS Tallink Grupp
Sadama 5/7
Tel. +372 640 9914
E-mail [email protected]