Finnlines - Company Announcement

Finnlines Plc will purchase MS Transrussia from Finnlines Deutschland GmbH at the market price of EUR 30.6 million

Helsinki, Finland, 2014-01-30 16:32 CET (GLOBE NEWSWIRE) -- Finnlines Plc   
Stock Exchange Release   30 January 2014 at 17.30 p.m. 



Finnlines Plc will purchase MS Transrussia from Finnlines Deutschland GmbH at
the market price of EUR 30.6 million 

Finnlines Plc will write-off EUR 16 million on the book value of Finnlines
Deutschland GmbH's shares 

Finnlines Plc's German subsidiary, Finnlines Deutschland GmbH, has sold MS
Transrussia to Finnlines Plc at the market price of EUR 30.6 million which
corresponds to the book value of the vessel. The sale will have no effect on 
the Finnlines Group's result. Through the sale of the last vessel Finnlines
Deutschland GmbH will close its shipowning activities and concentrate on the
provision of the agency services to the Finnlines Group companies and Russia
liner services with the chartered tonnage. 

Finnlines Plc will recognise in its financial statements for the year 2013 a
write-off of EUR 16 million on the book value of the shares of its German
subsidiary, Finnlines Deutschland GmbH. 

The write-off have no effect on Finnlines Group's result for the year 2013, but
it has a negative effect of EUR 16 million on Finnlines Plc's result for the
period. The write-off is treated as a non-recurring expense and it does not
have a cash flow effect. 



Finnlines Plc

Tom Pippingsköld                Tapani Voionmaa
CFO                                   Group General Legal Counsel





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