the Grimaldi group has completed the acquisition of Finnlines


the Neapolitan shipowning group Grimaldi has communicated today to have acquired the title of property of the residual actions of minority of its controlled Finnish Finnlines, obtaining the control of 100% of the outstanding stocks and that, consequently, the Nasdaq of Helsinki has decided today to withdraw the Finnlines title from the official list of the Stock exchange of Helsinki.

Grimaldi has specified that the top management of the group has decided to increase the quotas shareholders in the controlled society Finnish, carrying to full fulfillment a process of acquisition begun in 2005, as a result of a careful appraisal of the various options of investment. "In spite of the economic crisis that it has hit strongly the marine field from 2008 - it has emphasized the partenopeo group - in the course of the last Finnlines decade, thanks to the dedication of its top management and the assistance of the parent company, has succeeded to strengthen its operating and economic performances more and more rationalizing the spin of the ships, liquidating the not-Core activities, giving back the ships taken to chartering and dismettendo those in esubero, increasing the productivity and reducing the fuel burnup. After to have invested almost a billion in new constructions green and the vanguard - Grimaldi has remembered - in the past couple of years the ulterior company has invested 100 million euros in technological innovations which scrubbers, systems of propulsion, reblading, and better silicone painting for the environmental performances of the fleet and to reduce of the fuel burnup. Today - it has evidenced the Neapolitan group - Finnlines has the young, more modern and efficient fleet in the Baltic Sea".

Finnlines has a fleet of 22 ships ro-ro and ro-pax for the transport of rotabili and passengers that is employed in the Baltic Sea and in the Sea of the North with services that connect Low Belgium, Estonia, Finland, Germany, Spain, Sweden, Countries, Poland, Reign Unito and Russia.

the Grimaldi group, than besides Finnlines work with its other companies of navigation Grimaldi Group, Grimaldi Euromed, Grimaldi Deep Sea, Atlantic Container Linens (ACL), Malta Motorways of the Sea (MMS) and Minoan Lines, altogether has a fleet of approximately 110 ships for the transport of cargos ro-ro and passengers in North Europe, the Mediterranean, Baltic Sea, West Africa, North and South America.