Nedlloyd To Sell Mammoet
Dutch shipping and road transport group Koninklijke Nedlloyd Groep NV plans to sell its Mammoet transport unit to Dutch Van Seumeren. Italian Decafin SpA will also sell its 33 percent interest in Mammoet Decalift International to Van Seumeren as part of the deal, Nedlloyd officials said. The company previously said it would buy Decafin's stake. Officials said a limited number of job cuts may occur as a result of its integration with Van Seumeren.
Mammoet Sale Completed
Dutch shipping group Koninklijke Nedlloyd NV finalized the sale of its heavy transport arm Mammoet Groep to unlisted Dutch sector peer Van Seumeren Holland BV. Italy's Decafin SpA has also handed over its 33 percent stake in Mammoet to Van Seumeren, Nedlloyd said. As announced in May, the deal involves a total sum of $104.5 million, of which Nedlloyd will receive about $80 million euros.