M&A Activity • Jul 12, 2017
M&A Activity
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Sale of the Superfast vessels
Tallinn, 2017-07-12 19:01 CEST (GLOBE NEWSWIRE) --
Sale of the Superfast vessels
The subsidiaries of AS Tallink Grupp, Baltic SF VII Ltd and Baltic SF VIII Ltd
have concluded the sale agreements with Stena Ropax Limited for M/S Stena
Superfast VII (ex name Superfast VII) and M/S Stena Superfast VIII (ex name
Superfast VIII). Value of the deal is 133.5 million euros. The vessels will be
delivered to the buyer in December 2017. Until then vessels continue operations
in the UK waters according to the charter agreements concluded in August 2011
by Stena Line Ltd.
The cash flow from the sale of the vessels will strengthen the group's
financial position. The profit from the sale of the vessels is not significant
to the consolidated results of AS Tallink Grupp.
Veiko Haavapuu
Finance Director
AS Tallink Grupp
Sadama 5/7
10111 Tallinn, Estonia
Tel. +372 640 9914
E-mail [email protected]
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