ESL eyes AtoB@C acquisition

By Sonny Prior2018-07-04T14:15:00+01:00

Finland’s ESL Shipping is set to acquire all of the outstanding shares of Swedish AtoB@C Shipping and AtoB@C Holding for approximately EUR30 million (USD34.9 million).

The transaction is subject to approval from Finland’s competition authorities, said ESL Shipping, a subsidiary of Aspo Group. It is estimated that the transaction will be completed in the third quarter of 2018.

AtoB@C’s fleet includes 30 ice-classed multipurpose vessels. Serving the Scandinavian and wider European markets, the company transports a variety of commodities including wood pulp, steel and sawn timber as well as project cargoes.

With the acquisition, ESL Shipping expects net sales to increase from EUR80 million (USD93.1 million) to approximately EUR160 million (USD186.2 million), based on figures from 2017.

www.eslshipping.com

www.aspo.com

www.atobatc.se

Topics

News
Boskalis completes French monopile deliveries

2024-11-22T08:22:00Z By David Kershaw

The final monopiles for the Eoliennes en Mer Iles d’Yeu et de Noirmoutier offshore wind farm have been delivered by Boskalis’ heavy transport vessel Blue Marlin.
News
BBC Santiago passes sea trials

2024-11-22T08:01:00Z By David Kershaw

BBC Chartering said that its fifth Lakermax newbuild multipurpose vessel, BBC Santiago, successfully passed sea trials last week.
News
Marsgracht banned from Australian ports for 180 days

2024-11-22T08:00:00Z By David Kershaw

The Australian Maritime Safety Authority (AMSA) has issued a ‘refusal of access direction’ to the Netherlands-flagged general cargo ship Marsgracht, banning the ship from entering Australian ports for 180 days.