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DFDS to buy UN RoRo

DFDS is expanding into the Mediterranean with a €950M purchase of Turkish ro-ro company

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Copenhagen (Reuters): Danish shipping and logistics group DFDS has agreed to acquire Turkish freight shipping operator UN Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt free basis.


DFDS’ Board has decided to terminate the company’s current share buyback programme and suspend planned dividends. It also recommends a share issue of Dkr1B (US$166M) for financing, which otherwise consists of committed term loan financing.


The transaction is subject to approvals from the Danish, Turkish, German, Austrian and Italian competition authorities.

Tiurkish rail-ro trailers being handled in Kiel
Tiurkish rail-ro trailers being handled in Kiel

The last three are involved because the transaction includes UN RoRo’s strategic 60% stake in Samer Seaports & Terminals Srl in the Port of Trieste, which has become the main hub for Turkish unaccompanied ro-rail shipments right the way through to Scandinavia. This also means that DFDS can increase its clout in the Baltic.


UN Ro-Ro operates five routes in the Mediterranaen between Turkey and the EU.


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