P&O / Stena Line, P&O to buy out Stena Line for £150m
Adjust font size:
Manufacturing News, Source : TheManufacturer.com
Published : 23 Apr 2002 9:03
P&O is to buy Stena Line 40 per cent shareholding in P&O Stena Line for £150 million.
It said it may then rationalise North Sea ferry services after consolidation. The company also said the deal will further strengthen its position in a part of the UK-Continent ferry market that has been consistently profitable and which offers a strong growth.
Before completing the transaction, P&O Stena Line is expected to declare a final dividend for 2001 of £9 million which will be paid to P&O and Stena Line as to 60 per cent and 40 per cent respectively.
Comments on this story
click here to add a comment
You must be registered & logged in to add comments
already have an account and just want to login?
Manufacturing is to begin again at Fort Dunlop
MANUFACTURING: Refurbished landmark industrial...
more…
McCain’s is to migrate to wind power
FOOD: Turbines to provide over half annual power...
more…
New president of the SBAC defends the right to fly
AEROSPACE: Entering a defining period where...
more…
Sheffield Forgemasters
Sheffield Forgemasters is to give its 700-strong...
more…
SSL International
SSL International, which manufactures Durex...
more…
no comments yet...