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Grimaldi increases Finnlines stake

October 16 - Grimaldi Group subsidiary Grimaldi Euromed has purchased 5,449,032 additional shares in Finnlines, increasing the group's share capital investment in its Finnish subsidiary to 91.32 percent.

The shares, which represent 10.58 percent of Finnlines' share capital, were bought by Grimaldi from the Finnish pension fund Keskinäinen Eläkevakuutusyhtiö Ilmarinen.

Grimaldi explained that the excellent economic results recorded by Finnlines prompted the Italian shipping group to consolidate its shares in its subsidiary, rather than invest in other activities.

Ro-ro and ro-pax operator Finnlines posted a turnover of EUR252 million (USD287.5 million) in the first six months of 2015, and a net profit of EUR16.4 million (USD18.7 million) - a 9.2 percent year-on-year rise.

 

 

www.grimaldi.napoli.it

www.finnlines.com

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