Tallink Seeks to Raise $230 M

Tuesday, November 22, 2005
Tallink Grupp plans to raise as much as $236 million in an initial public offering to finance buying three new vessels, says a recent Bloomberg report. Tallink will offer as many as 34.09 million shares to investors at between $5.51 and $6.89 apiece. The company's ferries and cargo ships handled more than 3.2 million passengers and about 130,000 cars, buses and trucks in the 12 months ending Aug. 31, according to the report. It's adding new ships to its fleet, which currently offers mini-cruises, passenger transport and vehicle shipments on routes between Finland and Estonia and between Sweden and Estonia. Tallink also owns a 350-room hotel in Tallinn. The shares will start trading on the Tallinn stock exchange on Dec 9. Of the shares being offered, 26.5 million are new and 7.59 million are being sold on behalf of existing shareholders. Investors have until Dec. 1 to sign up for the shares. Source: Bloomberg
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Mexico to Postpone Deep Water Auction

Mexico, which has started to open its nationalized oil industry to additional private investment, will postpone auctions for deep-water oil exploration and production

Oregon Bridge Danglers Hope to Delay Shell's Arctic Drilling

Protestors rappelled off a bridge in Portland, Oregon on Wednesday hoping to delay Royal Dutch Shell's Arctic oil exploration this summer by blocking the return

CWind Supports Ballast Nedam at Butendiek OWF

CWind, a provider of integrated services to the wind industry, announced today that it is providing corrosion protection services to Ballast Nedam at Butendiek Offshore Wind Farm (OWF).

Finance

Major Ivorian Cocoa Buyers Boycott Local Exporters Scheme

Major cocoa buyers are boycotting a scheme in Ivory Coast aimed at guaranteeing local firms a share of the lucrative export market, arguing that these players lack

Matson Pumps $30 Million into Alaska Operations

Ocean cargo shipper Matson, Inc. said it is moving quickly to fund improvements in its new Alaska operations following its May 29 acquisition of Horizon Lines' Alaska services.

General Dynamics Tops Q2 Estimates

General Dynamics Corp, a maker of ships, tanks and business jets, reported higher-than-expected quarterly earnings and revenues on Wednesday, and sharply raised its outlook for full-year profit.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1269 sec (8 req/sec)