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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 makes mandatory offer for Finnlines

NAPLES 12 January – Naples, Italy-based ro-ro shipping group Grimaldi has launched a mandatory offer for Finnlines, the Finnish roro and port group, after its holding in the company exceeded 50%. Grimaldi will offer €17.00 ($22.10) in cash for each share in Finnlines in the offer, which it expects to launch on 22 January and is forecast to run for four weeks. A Finnlines statement said the directors would give their recommendation according to the Securities Market Act after the tender offer document has been released. A Grimaldi offer in the autumn was rejected, but the Italians acquired a further 1.5M shares on 29 December, giving them 20.4M Finnlines shares, representing a 50.1% stake

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This entry was posted on viernes, enero 12, 2007 at 2:41 p. m.. You can skip to the end and leave a response.

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