Grimaldi completes acquisition of Finnlines

The Grimaldi Group has acquired the last minority shares of its finnish subsidiary Finnlines Plc, getting thus control of 100% of the company, and completing an acquisition process which started back in 2005. As a result, Nasdaq Helsinki Ltd has decided to delist the Finnlines shares from the official list of Nasdaq Helsinki.

In the past two years the company invested EUR 100 million in environmental technology improvements to its fleet. For the first semester of 2016, Finnlines registered an EBITDA of EUR 64.7 million (+ 25.6 %) and a result of EUR 30.5 million (+ 85.9 %).

With one of the largest ro/ro and ro/pax fleets, Finnlines is the leading operator in the ro/ro and passenger transport in the Baltic and North Sea offering an extensive network of Motorways of the Sea between Belgium, Estonia, Finland, Germany, Spain, Sweden, The Netherlands, Poland, the United Kingdom and Russia. In synergy with the Grimaldi Group, the Finnish company’s services are connected to the whole Grimaldi network.

www.grimaldi.napoli.it

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