FDBusiness.com

Green light from the Competition Authority

 Breaking News
  • Deliveroo, Costa Coffee and BrewDog are the UK’s Fastest Growing Brands Deliveroo, Costa Coffee and BrewDog are growing in value faster than any other UK brands, according to the 2019 BrandZ™ Top 75 Most Valuable UK Brands, announced by WPP and Kantar. Vodafone remains the UK’s most valuable brand, worth US$26.5 billion (£21.5 billion), followed by HSBC and Shell. Deliveroo, at no.50 after increasing its value 54% [...]...
  • Arla Foods Ingredients Obtains GRAS Approval For Alpha-lactalbumin in Infant Formula Arla Foods Ingredients has obtained Generally Recognized as Safe (GRAS) approval relating to its use of alpha-lactalbumin in infant formula. The US Food & Drug Administration (FDA) issued the company with a GRAS Notice known as a ‘no objection letter’. It states that it has no questions regarding the safety of fractionated whey protein concentrate [...]...
  • Java Republic is ‘Beverage Company of the Year 2019’ in Ireland Java Republic won the award of Beverage Company of the Year at the recent 2019 Food & Drink Business Awards. These prestigious awards celebrate the very best in food and drink manufacturing, retail, and food service across the island of Ireland. The Awards recognise the very best in the industry across 18 categories. For Java Republic winning Beverage [...]...
  • First Half Profits Fall at Bakkavor Group Bakkavor Group, the leading provider of fresh prepared food in the UK with a growing international presence in the US and China, has reported a sharp fall in operating profit to £29.3 million for the 26-week period ended 29 June 2019, compared to £54.1 million in the prior period. Group revenue was up 1.4% at [...]...
  • Norwegian Salmon Ranked Most Sustainable Among World’s Largest Protein Producers Norwegian aquaculture companies hold four out of the top 10 spots in the 2019 Coller FAIRR Protein Index, ranking 60 of the world’s largest publicly-listed protein producers on how they perform on sustainability. The Index looked at how the world’s largest producers of meat, dairy and seafood performs on various risk factors relating to sustainability. The [...]...

Green light from the Competition Authority

July 12
11:25 2012

The German competition authority, Bundeskartellamt, has approved the deal between Stena Line and Scandlines Deutschland GmbH, which was presented on 30 May, for the acquisition of five ferry routes between Sweden and Germany to Latvia

 

The acquisition is part of Stena Line’s strategy to expand into growth markets and it is expected to be completed by the end of August.

“The approval from the German competition authority, Bundeskartellamt, is an important step forward in this process. We are now making the acquisition and it is expected to be completed during August,” says Gunnar Blomdahl, CEO for Stena Line.

The acquisition is based on the strong growth in sea transports to and from northern Europe and the Baltic States, growth which is expected to continue. The new routes to the Baltic States complement Stena Line’s existing network and will strengthen its offering for both freight and passenger services.

The acquisition is part of Stena Line’s strategy to expand into growth markets and it is expected to be completed by the end of August. The five new routes will operate under the Stena Line brand.

Stena Line is acquiring five ferry routes, operating between Sweden, Germany and Latvia, from Scandlines Deutschland GmbH.

The acquisition will contribute to an increase in turnover for Stena Line of around 1 billion, to a total of about SEK 12.1 billions for 2013.

The five routes are Travemünde to Ventspils and Liepaja, Nynäshamn-Ventspils as well as Trelleborg to Rostock and Sassnitz.

Three ships in total operate the routes to the Baltic States, of which two are chartered and the ferry “Ask” is being bought by Stena Line.

The Trelleborg routes were previously operated jointly with Scandlines GmbH, via Stena Line’s subsidiary Scandlines AB, under the Scandlines Hansa brand.

Stena Line will now be the sole owner of the routes, which are currently operated by four ferries in total. The acquisition also includes the ferry “Sassnitz”

About Author

colin

colin

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

Jobs: Logistics

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements