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Tallink reveals plans for Silja after acquisitionTallink reveals plans for Silja after acquisition
Lorna Strickland
15-Jun-2006
ESTONIA. Estonian ferry operator Tallink has confirmed it will buy rival Silja Line from US owner Sea Containers but Tallink said it has no plans to merge the two operators' duty-free buying divisions
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As part of the deal, worth €450m ($593m), Sea Containers will receive 5m shares in Tallink. The agreement, scheduled for completion by July 28, will give Tallink new routes between
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(30-Nov-2006) - The Estonian ferry operator is to take over Silja’s duty-free department imminently
(12-Jun-2006) - Estonia's Tallink Group is announced as the buyer of Finnish ferry operator Silja Line
(18-Dec-2006) - SCANDINAVIA. Ferry operator Tallink/Silja’s decision to withdraw from its duty-free purchasing agreement with Inflight Service may have surprised some
(18-Dec-2006) - SWEDEN. The loss of the Tallink/Silja duty-free purchasing contract will have a significant impact on Swedish retailer and distributor Inflight Service’s buying pool, but will not greatly affect its profitability, the company has claimed
(26-Jan-2006) - Reports in today's financial press suggest that Viking Line and Tallink have tabled bids to take over ailing rival Silja Line