DFDS Aquires Norfolkline

In a structured transaction, DFDS Group acquired 100% of the shares in ferry and logistics company, Norfolkline, from A.P. Moller – Maersk A/S (“APM”). DFDS will pay a total consideration of approximately EUR 346 million on a debt and cash free basis. APM will subscribe to a directed issue shares of 28.2% of the share capital of DFDS, equivalent to EUR 172 million, and will receive treasury shares accounting for 0.6% of the share capital. Finally, the company will further acquire 333,241 shares from Lauritzen Fonden, bringing its aggregate shareholding in DFDS to approximately 31%. The parties have agreed to a 24-month lock-up from closing.

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