Marine Link
Monday, September 26, 2016

Transfennica's Sale To Finnlines Cancelled

December 18, 2000

On 28 June, 2000, an agreement was signed between the shareholders of Transfennica Ltd. and Finnlines Plc to sell Transfennica's shares to Finnlines. The sale required the approval of the relevant competition authorities. However, the conditions presented by the competition authorities, were such that Finnlines could not accept them. The partners have therefore decided to cancel the sale of the shares. Transfennica's shareholders are UPM-Kymmene Corporation ( 49.9% holding), Metsä-Serla Corporation (32.7%), Myllykoski Paper Oy (9%) and Oy Metsä-Botnia Ab (8.4%).


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News