3i's Scandlines acquisition approved by the EU

The EU Commission has approved private equity fund 3i Group and funds controlled by 3i Investment's acquisition of Scandferries Holding GmBH.

The EU Commission has given a thumbs up to English equity fund 3i Group's and funds controlled by 3i Investment's acquisition Scandferries Holdings GmBH, a holding company for ferry operator Scandlines.

This was announced by EU Commission on Tuesday.

"The Commission concluded that the proposed transaction will raise no concerns in regard to competition, particularly seeing as the two parties' interests only overlap to a very small extent," says the Commission.

Equity fund 3i: Why we believe in Scandlines

3i Group reached an agreement with Allianz Capital Partners (ACP) back in September to acquire the latter's ownership stake in Scandlines, a move that would make 3i Group and funds controlled by 3i majority shareholders.

3i invests 165 million euros in Scandlines 

Equity fund 3i wants to acquire Allianz' stake in Scandlines 

More from ShippingWatch

Container reliability hit new low at the end of 2021

Schedule reliability in the container industry set a new negative record in December 2021 with one route in particular hit hard with an on-time arrival rate of only 10 percent, show figures from Sea-Intelligence. Problems in supply chains are still ”a huge burden,” says Hapag-Lloyd.

DNB Markets says oil price could hit USD 100 a barrel

An optimistic scenario could see the oil price go above USD 100 per barrel, DNB Markets forecasts in its latest oil market report. It won’t take much for it to happen, oil analyst Helge André Martinsen says to ShippingWatch.

Cadeler secures two new deals

Shipping line Cadeler, which operates wind installation ships, lands two new deals, one with Vestas, the other with an unnamed customer.

Further reading

Related articles

Latest news

See all jobs