Sale of Scandlines on the Cards

Image Courtesy: Scandlines

Rothschild investment bank has been mandated to explore the potential sale of the Danish ferry operator Scandlines, sources close to the matter confirmed to World Maritime News.

The company is said to be worth around GBP 600 million (USD 801.1 million), based on market estimates.

The ferry operator is owned by private equity investor 3i Group and Eurofund V which hold 96 percent of the firm.

Scandlines operates two high-frequency routes between Germany and Denmark (Puttgarden-Rødby and Rostock-Gedser).

However, the sale could be hampered by the construction of Fehmarn Belt Fixed Link immersed tunnel between Denmark and Germany which is intended for rail and road transport.

Once the tunnel is completed in 2021, Scanlines is likely to lose a considerable portion of its passengers to the tunnel.

In July this year, the company said that it had completed a EUR 862 million (USD 1.01 billion) refinancing comprising of a six-year bank tranche, an 11-year institutional tranche and associated revolving credit and liquidity facilities.

The company operates a fleet of eight ferries, with more than 42,000 departures annually.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2018 >>
MTWTFSS
26 27 28 29 30 31 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 1 2 3 4 5 6

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Singapore Maritime Week 2018

Singapore Maritime Week (SMW), organised annually by Maritime and Port Authority of Singapore (MPA) and attracts…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >