Release Date: 16 October 2006
Release ID: 1048
Finnlines Plc, one of the largest European shipping companies specialising in liner cargo services, has announced that it has received information according to which Grimaldi Compagnia de Navigazione S.p.A (Grimaldi) is planning to make a voluntary offer for all shares.
According to the announcement it is the intention of Grimaldi that the planned voluntary offer period would begin before the end of October 2006 and would last approximately five weeks. Grimaldi has informed that they will pay EUR 15.95 per share in cash for each share in Finnlines.
The Board of Directors of Finnlines Plc stated that it will express its opinion on the final offer when the decision has been taken to make an offer and the offering document has been released.
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