Negotiation Rights regarding Privatization of LISCO transferred to DFDS Tor Line

Today, the Lithuanian government has decided to officially transfer negotiation rights from the Dutch syndicate BB Bredo B.V. to DFDS Tor Line. This is a result of prior negotiations with the parties behind BB Bredo B.V. and the Lithuanian government.

In addition to DFDS Tor Line, the involved parties are the Israeli Sprinter Gadot Yam Ltd. and the Dutch Eurochem Shipping B.V.

With a basis in the existing contract between the Lithuanian government and BB Bredo B.V., DFDS Tor Line is now negotiating the terms for a supplementary agreement that takes into account both DFDS Tor Line’s interest in LISCO’s ro/ro and ro/pax activities and the Lithuanian authorities' wishes for a revision of certain items in the agreement.

Negotiations are expected to be completed during February.

Yours sincerely,
DFDS Tor Line Group A/S

Ole Frie
Managing Director



Last updated 04/10/2007
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