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FCCA approves ESL Shipping’s acquisition of shares

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Dry Bulk,

On 27 July, the Finnish Competition and Consumer Authority (FCCA) decided to approve the transaction whereby ESL Shipping Ltd, a shipping company fully owned by Aspo Plc, acquires the outstanding shares of AtoB@C Shipping AB and AtoB@C Holding AB (AtoB@C).

The transaction was announced on 29 June 2018. The parties have now received all required regulatory approvals for the completion of the transaction.

As announced earlier, it is estimated that the transaction will be completed in the third quarter of 2018. ESL Shipping will announce the completion of the acquisition separately.

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Dry cargo shipping news Dry bulk shipping market Dry cargo news