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ruben.maritime

The first web2.0 spanish blog about Maritime Affairs. El primer blog web2.0 español sobre el sector marítimo.

Grimaldi finally wins Finnlines

NAPLES 02 January – Grimadi, the Naples, Italy-based ro-ro and container vessel operator, become the majority shareholder in Finnlines plc at the end of December when it acquired 1.5M shares. The move gives Grimaldi 50.1% of the Finnish company, a stake that is divided among its subsidiaries: Grimaldi Compagnia di Navigazione (37.44%), Industria Armamento Meridionale (7.35%) and Atlantic Container Line (5.32%). “In accordance with Finnish law, we will now make an unconditional offer to buy the remaining the shares at €17 [per share] by 28 January,” Grimaldi said in a statement. The price is above the €95 per share initially offered when Grimaldi’s December takeover attempt failed to gain the majority of the company. As a consequence, the company will issue "compensation" of €1.05 to shareholders who had accepted that earlier offer.

 

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This entry was posted on domingo, enero 07, 2007 at 7:17 a. m.. You can skip to the end and leave a response.

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