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Norfolkline to sell Norfolk Line Containers B.V. to DFDS A/S |
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The buyer is DFDS Tor Line, a leading North European liner shipping operator, which is part of DFDS Group founded in 1866 and listed on the Copenhagen Stock Exchange
Norfolkline, a leading multimodal short sea carrier in North Europe, has today signed an agreement for the divestment of its Container Division – Norfolk Line Containers B.V. The buyer is DFDS Tor Line, a leading North European liner shipping operator, which is part of DFDS Group founded in 1866 and listed on the Copenhagen Stock Exchange.
This transaction is consistent with Norfolkline’s strategy to realign and strengthen its core businesses and to divest activities with no clear synergy with the rest of the Norfolkline Group. Change of ownership will benefit both employees and customers of Norfolk Line Containers B.V. as it complements DFDS Tor Line container activities and extends the product offering.
Announcing the news, Managing Director of Norfolkline, Thomas Woldbye, stated that: “This divestment is a confirmation of our commitment to execute our strategy. It is also a strong signal to our employees, customers and shareholders as this move gives us the opportunity to be more focused and grow Norfolkline’s core businesses; the ferry and logistics pillars.”
The transaction is conditional upon clearance from the relevant competition authorities. The parties have agreed not to disclose the price.
Source: Press Release
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