English private equity fund 3i Group has acquired all shares in Scandlines and plans to invest 165 million euros in the shipping company. But why invest in a company that will be hit by massive competition in a few years from the coming Fehmarn tunnel, which will no doubt steal a large portion of the carrier's traffic? Peter Wirtz is a 3i partner. He acknowledges the coming challenge, but has faith in the continuing potential of Scandlines.
"We've been invested in this company for some time now, six years, so we know the company very well. Any investor likes a stable revenue, and in that sense Scandlines is a very stable company. And of course we see a certain potential for growth," he tells ShippingWatch, referring not least to the Gedser-Rostock connection:
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