Brief: Wilhelmsen and Wallenius to merge

Wilh Wilhelmsen Holding ASA

05/09/2016 07:55

Sept 5 (Reuters) - Wilh. Wilhelmsen ASA  WWASA.OL : 
    * Wilh. Wilhelmsen Holding ASA and Wilh. Wilhelmsen ASA have signed letter of intent with 
Rederi AB Soya and Wallenius Lines AB  
    * Parties to establish new ownership structure for their jointly owned investments  
    * New entity to be named Wallenius Wilhelmsen Logistics ASA 
    * Wallenius Wilhelmsen Logistics ASA will be based on existing listing of Wilh. Wilhelmsen 
ASA and continue to be listed on Oslo Stock Exchange 
    * Aim is to merge parties' ownership in the jointly owned entities Wallenius Wilhelmsen  
Logistics (jointly owned 100 pct), EUKOR Car Carriers (jointly owned 80 pct) and American 
Roll-on Roll-off Carrier (jointly owned 100 pct) 
    * Wilh. Wilhelmsen ASA will issue new shares to Wallenius Lines AB 
    * Upon completing transaction, Wilh. Wilhelmsen Holding ASA and Wallenius Lines AB will have 
equal ownership in one joint company in region of 40 pct each 
    * Proposed transaction is expected to close within Q1 2017 
 
Source text for Eikon:  ID:nObiK2gvma  
Further company coverage:  WWASA.OL  
 
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