Clipper Sells Mols-Linien Stake

Clipper Group A/S has entered into an agreement with private equity firm Polaris to sell the remaining stake in Danish ferry company Mols-Linien.

Under the deal, Clipper sold its 29.95% interest (4,243,277 shares) to Polaris, which revealed its intention to buy the shares last week. The fund offered to pay DKK 34 (USD 5) per ferry operator’s share.

Polaris said that once the sale is completed it would delist the ferry operator from the stock exchange as it was too small to be listed.

The fund said that the owners of the 49.2 % stake in Mols-Linien also promised to sell their stake to Polaris.

The ferry operator has three high-speed ferries operating from Jutland to the island of Zealand.

World Maritime News Staff


Share this article

Follow World Maritime News

In Depth>


<< May 2019 >>
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >