Brief: Eimskipafélag Íslands: acquisition of Nor Lines rejected
03/04/2017 12:28
April 3 (Reuters) - Eimskipafelag Islands hf EIMS.IC :
* ACQUISITION OF NOR LINES REJECTED
* NORWEGIAN COMPETITION AUTHORITY HAS TODAY REJECTED
EIMSKIP'S ACQUISITION OF NORWEGIAN SHIPPING AND LOGISTICS
COMPANY NOR LINES AS
* THIS DECISION HAS NO EFFECT ON THAT FORECAST
* ACQUISITION COST IN YEAR 2017 RELATED TO THIS PROJECT IS
ESTIMATED EUR 300,000 WHICH WILL BE EXPENSED IN Q1 2017
* RESULT OF THIS DECISION IS THAT EIMSKIP IS NOT ALLOWED TO
ACQUIRE NOR LINES
Source text for Eikon: ID:nICE6R4F
Further company coverage: EIMS.IC
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