Author Topic: DFDS to buy UN Ro-Ro in USD1.15 billion deal  (Read 2688 times)

Offline Hannes van Rijn

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DFDS to buy UN Ro-Ro in USD1.15 billion deal
« on: April 12, 2018, 01:01:37 PM »
DFDS, the listed Danish ro-ro shipping and logistics group, has agreed to acquire 98.8% of the shares in Turkish freight ferry company UN Ro-Ro for EUR950 million (USD1.15 billion) from Turkish private equity firms Actera Group and Esas Holding.

The Copenhagen-based company has long sought an acquisition target in the ro-ro space and the Turkish company, with a fleet of 12 ships that operate on services connecting Turkey with Italy and France, meet this objective.

The acquisition will extend the route network of DFDS to the eastern Mediterranean. It already has services that link France with north Africa in the Mediterranean.

UN Ro-Ro operates five routes in the Mediterranean: four connect Turkey and Italy and Turkey and France. The company carried 202,000 freight units in 2017, corresponding to a 34% share of the total market, including land transport.

In addition, UN Ro-Ro operates two port terminals and provides intermodal solutions. For 2018, revenue of EUR240 million and EBITDA of EUR97 million are expected. The company has 500 employees.

There will be operational synergies as well, since UN Ro-Ro

Offline Jimenaz

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Re: DFDS to buy UN Ro-Ro in USD1.15 billion deal
« Reply #1 on: April 19, 2018, 10:46:35 AM »
What information did you study from which source helped me?

 

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