BID FOR ASSETS OF SEAFRANCE
DFDS and the French shipping Group Louis Dreyfus Armateurs makes a joint bid for certain assets of SeaFrance
DFDS and the French shipping Group Louis Dreyfus Armateurs have today made a joint bid for certain assets of SeaFrance. The bid is subject to certain conditions, including approval by relevant competition authorities. The bid is made in response to an announcement by the receiver appointed for SeaFrance requesting bids to be made by 26 July 2011. SeaFrance went into receivership in June 2010. SeaFrance operates a short-sea passenger and freight route between Dover and Calais deploying three ro-pax ships and one ro-ro ship.
In 2010 the route transported 2.9m pax and 551 ths freight units. If the bid is successful DFDS and Louis Dreyfus Armateurs will form a jointly owned company, with DFDS as the majority shareholder, to acquire the assets of SeaFrance. It is furthermore the intention to transfer DFDS Dover - Dunkirk route and Louis Dreyfus Armateurs ferry shipping activities, LD Lines, to the joint company. Louis Dreyfus Armateurs is a French shipping Group operating in several market segments, including bulk, offshore and ferry shipping. The company's ferry shipping activities, LD Lines, were established in 2003 and currently comprises four routes.
Background of bid The participation in the bid, and cooperation with Louis Dreyfus Armateurs Group, reflects DFDSâ€™ strategy of building a European integrated shipping and logistics network.
Niels Smedegaard, CEO +45 33 42 34 00
Torben Carlsen, CFO +45 33 42 32 01
Søren Brøndholt Nielsen, IR +45 33 42 33 59