ShippingWatch

Equity fund 3i: Why we believe in Scandlines

3i has taken over Scandlines completely and is investing an additional 165 million euros in the shipping company. 3i partner Peter Wirtz explains to ShippingWatch why Scandlines is a good investment, even in light of the new tunnel between Denmark and Germany expected ready in a few years.

Photo: 3i

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.

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