Lauritzen Foundation continues to profit on DFDS stake

Continued growth in DFDS and a smaller deficit at J. Lauritzen means that the owner, Lauritzen Foundation, was able to improve its bottom line by more than DKK 300 million in 2018.

Photo: Lauritzen Fonden

It is still a highly lucrative business for Lauritzen Foundation to be a major shareholder in DFDS, shows the Foundation's annual report for 2018, where the ferry operator again stands out as the number one source of income.

Additionally, a reduced deficit at J. Lauritzen means that the fund delivers a profit of DKK 433 million (USD 65.6 million), a significant improvement from DKK 118 million in 2017.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

3i buys AMP out of Esvagt

Private equity firm 3i, which owns half of carrier Esvagt, has agreed with the company's second owner, AMP Capital, to take over all of Esvagt for GBP 268 million, making 3i the sole owner. The transaction is expected to close in the first quarter of 2022.

Further reading

Related articles

Latest news

See all jobs