Helsinki, Finland, 2016-08-25 16:45 CEST (GLOBE NEWSWIRE) --
The Arbitral Tribunal appointed by the Redemption Committee of the Finland Chamber of Commerce has today rendered an arbitral award in the redemption proceedings concerning the shares held by minority shareholders in Finnlines Plc (“Finnlines”). According to the arbitral award, the redemption price of a Finnlines share shall be EUR 18.00 per share. The arbitral award may be appealed within 60 days from the registration of the arbitral award.
Grimaldi Group S.p.A. gained title to all the shares in Finnlines earlier today when it placed the security approved by the Arbitral Tribunal for the payment of the redemption price and the interest accruing thereon.
Further information: Tapani Voionmaa, Group General Counsel, tel. +358 50 565 5207
Finnlines Plc
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Tom Pippingsköld CFO |
Tapani Voionmaa Group General Counsel |
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Nasdaq Helsinki Ltd
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About Finnlines
Finnlines is a leading shipping operator of ro-ro and passenger services in the Baltic Sea and the North Sea. The Company is listed on the Nasdaq Helsinki Ltd and is a part of the Grimaldi Group, one of the world's largest operators of ro-ro vessels and the largest operator of the Motorways of the Sea in Europe for both passengers and freight. This affiliation enables Finnlines to offer liner services to and from any destination in the Mediterranean, North Europe, West Africa as well as the Atlantic coast of both North and South America.
www.finnlines.com