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Grimaldi takes full control of Finnlines

Grimaldi Group buys the last shares out of Finnlines, at a point where the Italian shipping group is undergoing a major fleet renewal in the Atlantic Sea for both container and roro.

Photo: Finnlines/PR

Italian Grimaldi Group has increased its controlling interest in Finnlines to over 90 percent, and intends to exercise its right to buy out the remaining shareholders.

Grimaldi brought its total stake in the Helsinki based roro and shortsea carrier forward to 91.32 percent with yesterday's purchase of a further 10.58 percent from a Finnish pension fund, for a total purchase price of USD 109.7 million.

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