DFDS A/S
BID FOR ASSETS OF SEAFRANCE
DFDS A/S 26.07.2011 15:54 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Copenhagen, 2011-07-26 15:54 CEST (GLOBE NEWSWIRE) -- Company Announcement no. 18/2011 -- Joint bid by DFDS and Louis Dreyfus Armateurs Group 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 DFDS' strategy of building a European integrated shipping and logistics network. Contact persons 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 26.07.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: DFDS A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010259027 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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