Danish State and Deutsche Bahn sell Scandlines for DKK 11.6 bn  

2007.06.20
The Danish Ministry of Transport and Energy and Deutsche Bahn have sold Scandlines AG, the largest ferry operator in the southern part of the Baltic Sea, to a consortium for DKK 11.6 bn
The Danish Ministry of Transport and Energy and Deutsche Bahn have sold Scandlines AG, the largest ferry operator in the southern part of the Baltic Sea, to a consortium consisting of the German investment company Allianz Capital Partners, the British capital fund 3i Group and shipping company Deutsche Seereederei (DSR), for DKK 11.6 bn (USD 2.1 bn). Hitherto Scandlines has been run as a 50-50 joint venture between the Danish State and Deutsche Bahn.
 
Flemming Hansen, the Danish Minister for Transport and Energy said at a press meeting yesterday: "The process has been very time consuming, but now we have a highly attractive result. I am convinced that the new owners will strengthen Scandlines' development towards being an even more successful ferry operator, which offers its customers high quality services. This is in the interest of both Scandlines' customers and staff."
 
Allianz and 3i will each take a 40% stake in Scandlines, while DSR will have the remaining 20%. 3i says the consortium intends to list Scandlines Group on a stock exchange, and that it expects DSR to take over the industrial leadership of the group at the time of the IPO.
 
The sale is subject to approval by the relevant authorities, which is expected within two months. The news was reported widely in the Danish press.
 
Link > Scandlines  

Next step

Explore business cases

Please contact me

Name
Company
E-mail
Phone
How can we help you?

IDK
We use cookies to make the website perform optimally. You accept cookies by closing the box or continuing to use the website. Click here to read more about cookies. ×