Grimaldi to Buy All Shares in Finnlines

Italian shipping company Grimaldi Group S.p.A. has launched redemption proceedings to acquire all the remaining shares in the Finnish operator of ro-ro and passenger services Finnlines.

Namely, Grimaldi, together with its subsidiaries Grimaldi Euromed S.p.A. and Grimaldi Deep Sea S.p.A., holds approximately 98.22 percent of all the shares and votes in Finnlines.

The Arbitral Tribunal, appointed by the Redemption Committee of the Finland Chamber of Commerce, confirmed that Grimaldi has the right to redeem the minority shares in the company “by lodging a security approved by the Arbitral Tribunal for the payment of the redemption price and the interest accruing thereon,” the Finnish firm said.

The company, which is a part of the Grimaldi Group, will now lodge a security approved by the tribunal to redeem the shares, after which Finnlines’ stock will cease public trading.

Nasdaq Helsinki-listed Finnlines operates in the Baltic Sea and the North Sea.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
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 3

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

The 5th CWC China LNG & Gas International Summit

Gain Access to Global LNG & Gas Decision Makers in China

Take a peek inside our 2019 Introductory Brochure and stay on top of this rapidly developing market.

See who is already working with us this year as Speakers, Sponsors and Partners – download your Preview Brochure today and meet them in Beijing on 15-16 October 2019.

As the world’s second largest LNG importer, China will remain the biggest contributor to global LNG demand growth in the foreseeable future. Network with global LNG & gas decision makers, buyers, NOCs and Government Officials at the industry’s leading international event in China.

More info

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >