DFDS is paying a heavy price for EU's review of HSF Logistics takeover

A decision is still pending in the EU competition authority's review of DFDS's acquisition of HSF Logistics. The protracted process has proven a costly affair for DFDS. "We're surprised that it's taking so long," DFDS's CEO tells ShippingWatch.

Photo: DFDS - PR

The EU's competition authority continues to raise new questions regarding DFDS's strategic acquisition of HSF Logistics, a transaction valued at DKK 2.2 billion, and this drawn-out process will end up costing DFDS approximately DKK 500 million (USD 79.2 million) in lost revenue and DKK 50 million in lower operating earnings (EBIT) this year.

The estimate comes from DFDS Chief Executive Torben Carlsen in an interview with ShippingWatch following the publication of the ferry and freight operator's second quarter results.

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