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Kistefos bids on Transatlantic

Investment company Kistefos has made an offer to purchase all shares in carrier Rederi AB Transatlantic, worth an estimated USD 115.4 million.

Investment company Kistefos has made an offer to shareholders in Rederi AB Transatlantic, and the offer is currently being scrutinized by the Swedish carrier's executive board.

Kistefos AS has been purchasing shares in struggling Transatlantic during the last six months, and the offer presented to the shareholders is for USD 0.78 per share, corresponding to the highest price Kistefos has paid for a Transatlantic share during this six-month period.

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