Wallenius Wilhelmsen

M&A Activity • Nov 21, 2024

Wallenius Wilhelmsen: Update on vessel purchase option

Wallenius Wilhelmsen: Update on vessel purchase option

Wallenius Wilhelmsen has acquired the vessel “Morning Celine” (6,500 CEU, built 2009) following the completion of a long-term charter in agreement. The pre-agreed purchase price is well below the current charter-free valuation of the vessel. The market value was estimated at USD 72.5m using the average of two broker values at end of Q3 2024.

In line with previous transactions, no financial gains will be booked in connection with the purchase. The effect on the Profit and Loss account is expected to be immaterial. The purchase was financed with cash on hand.

For further information, please contact:

Anders Redigh Karlsen, VP Global IR & Market Insight

Tel: +47 994 20 293

Email: anders.karlsen@walwil.com

Pictures, please see the website:

https://www.walleniuswilhelmsen.com/who-we-are/media

About Wallenius Wilhelmsen:

The Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo) shipping and vehicle logistics, managing the distribution of cars, trucks, rolling equipment and breakbulk to customers all over the world. The company operates around 125 vessels servicing 15 trade routes to six continents, a global inland distribution network, 66 processing centers and eight marine terminals. Headquartered in Oslo, Norway, the Wallenius Wilhelmsen group has 9,500 employees in 28 countries worldwide.

Read more at www.walleniuswilhelmsen.com