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Finnlines to delist and go private

August 17 - Today, Finnlines Plc (Finnlines), part of the Grimaldi Group, will file a delisting application with Nasdaq Helsinki for the termination of trading in the Finnlines shares and for the delisting of the shares from the official list of that stoc

In the application the company requests the Finnlines shares to be delisted from the official list of Nasdaq Helsinki as soon as possible once Grimaldi gains title to all the shares in Finnlines.

In accordance with the separate interim award rendered on June 21, 2016 by the Arbitral Tribunal appointed by the Redemption Committee of the Finland Chamber of Commerce, Grimaldi is entitled to gain title to all the shares in Finnlines against the placing of a security approved by the Arbitral Tribunal for the payment of the redemption price.

Finnlines operates ro-ro and passenger services in the Baltic Sea and North Sea. As part of the Grimaldi Group, Finnlines offers liner services to and from any destination in the Mediterranean, North Europe and West Africa, as well as the Atlantic coast of both North and South America.

Heavy Lift | News

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Zeaborn to take full control of Zeamarine

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Panalpina improves profitability thumbnail image

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