Wallenius Wilhelmsen Logistics: Majority owner sees no change in long term ownership structure

Wilh Wilhelmsen Holding ASA

15/09/2016 14:20

OSLO, Sept 15 (Reuters) -  
    * The Norwegian Wilhelmsen family sees no change in the 
planned ownership structure in Wilh. Wilhelmsen ASA WWASA.OL  in 
the foreseeable future after the merger with Wallenius 
    * Wilhelmsen and Wallenius aim to merge its 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) 
    * The current plan is that Wilh. Wilhelmsen Holding WWI.OL , 
where the Wilhelmsen family is the majority owner, and the 
Wallenius family will have around 40 percent each in Wallenius 
Wilhelmsen Logistics ASA WWASA.OL , which is the new name of the 
company, and other shareholders the remaining 20 percent 
    * "I don't think their plan is to sell shares (from the 
planned 40 percent). There has been no indication on that. We 
both have good long term systems and we want to the see the 
effects of this in the merger and to improve the constellation", 
chief executive officer Thomas Wilhelmsen in Wilh. Wilhelmsen 
Holding WWI.OL  told Reuters at the capital markets day on 
Thursday 
    * "I don't think it is a bigger probability for them 
(Wallenius) to weight down in Wallenius Logistics ASA than we 
should do it," Thomas Wilhelmsen said 
    * The merged company will own about 22 percent of the global 
fleet in the car/truck carrier shipping market 
    * Wilhelmsen and Wallenius expect to sign final legal merger 
 agreements before the end of the year 
 
    For more company news:  WWI.OL  WWASA.OL  
     
 
 (Reporting By Ole Petter Skonnord) 
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;)) 
 
Keywords: WILH WILHELM CAPITALMARKETSDAY/OWNERSHIP