Scandlines is heading for a potential sale

Scandlines is heading for a potential sale

07-09-2017 12:00:00


According to the Danish website Inside Business, the capital fund 3i is considering selling Scandlines. 3i allegedly looks for new owners of the company which the capital fund has owned for ten years. standby.dk stated this. The rumors are confirmed by Niels Smedegaard CEO in DFDS.

"We have also heard that the owners are thinking about a potential sale. We recently looked at Scandlines in 2013. At that time, there were some interesting things for us. The problem is no longer a concern," says DFDS CEO, Niels Smedegaard, to Inside Business, according to standby.dk.

The sale process is certainly not easy with the prospect that the Fehmarn tunnel is expected to open in 2028, if there are no further delays with the project. In addition, the Government's proposal for a reduction in tariffs on the Storebælt Bridge, may pressure Scandlines.

According to Inside Buisiness, Scandlines' owners estimate that there will be much more demand for the Scandlines assets at the moment and hope that it will push the company up DKK 15 billion, as 3i would like.

According to rumors, funds and pension funds, as well as DFDS are possible buyers. However, DFDS rejects that the company is interested.
If a reduction in tariffs on the Storebælt Bridge does not occur and the Fehmarn tunnel is further delayed, which cannot be ruled out at the present time, the prerequisites may quickly change for a possible buyer.

"We are constantly looking for acquisitions, but today Scandlines is not a priority," says CEO Niels Smedegaard to Inside Business, according to standby.dk.
Scandlines operates the routes Rødby - Puttgarden, Gedser - Rostock.

Source: standby.dk and the editors of Maritime Denmark


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