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2008-02-29 11:02:11 CET 2008-02-29 11:03:11 CET REGULATED INFORMATION Finnlines - Company AnnouncementFINNLINES BUYING RORO VESSELSFinnlines Plc Stock Exchange Release 29 February 2008 According to Finnlines' new strategy the target is to own a bigger part of the fleet to reduce the dependancy on time-chartered vessels. Finnlines Group has made an initial agreement with the owners of MS Finnmill and MS Finnpulp, to buy these vessels and two other vessels MS Finnkarft and MS Finnhawk, which all are under time charter to Finnlines traffic, at the total amount of EUR 121 million. The transaction will settle the litigation process relating to the options of Finnpulp and Finnmill with the sellers, when realized according to the plan i.e. by the end of April 2008. By this transaction together with the investment program launched in 2007 Finnlines will own about half of the roro fleet and all 15 ropax vessels in its services. Finnlines Plc Christer Antson President and CEO DISTRIBUTION OMX Helsinki Stock Exchange Main media |
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