Tallink Grupp : transfers ownership of Superfast VII and Superfast VIII to Stena North Sea Limited

Thu, 14 Dec 2017 13:40:00 +0200

AS Tallink Grupp will today transfer the ownership of two of its previously chartered-out ships, Superfast VII and Superfast VIII, to Stena North Sea Limited who purchased the ships from the Group earlier this year.

The ownership transfer follows the sale agreements between Baltic SF VII Ltd and Baltic SF VIII Ltd, both subsidiaries of AS Tallink Grupp, and Stena North Sea Limited, concluded in July 2017.

From 2006 to 2011, Tallink operated the two Superfast ferries between Finland and Germany. In spring 2011 Tallink then signed an agreement with Stena Line Ltd on the charter of the two vessels. They were transferred in August of the same year. Since then the two ferries have been operating in British waters.

Commenting on the hand-over of the two vessels,Veiko Haavapuu, Finance Director of Tallink Grupp AS, said:BR> "The proceeds from the sale of the vessels will reduce the net debt and strengthen the group's financial position."

The transaction is worth EUR 133.5 million.

About Tallink Grupp

AS Tallink Grupp is the leading passenger and cargo transportation service provider in the Northern region of the Baltic Sea. The company owns 16 vessels and operates under the brands of Tallink and Silja Line on 6 different routes. AS Tallink Grupp employs over 7,000 people in the region and over 9.5 million passengers travelled on its ferries in 2016.

For media enquiries, please contact:BR> Katri Link, Communications Director,BR> Tallink Grupp, tel: +372 5304 2121 orkatri.link@tallink.ee