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Tallink announce the sale of Stena Superfast VII and Superfast VIII

Tallink Grupp Company Announcement

Tallinn, 2017-07-12 19:01 CEST (GLOBE NEWSWIRE) —

Sale of the Superfast vessels

The subsidiaries of AS Tallink Grupp, Baltic SF VII Ltd and Baltic SF VIII Ltd have concluded the sale agreements with Stena Ropax Limited for M/S Stena Superfast VII (ex name Superfast VII) and M/S Stena Superfast VIII (ex name Superfast VIII). Value of the deal is 133.5 million euros. The vessels will be delivered to the buyer in December 2017. Until then vessels continue operations in the UK waters according to the charter agreements concluded in August 2011 by Stena Line Ltd.

The cash flow from the sale of the vessels will strengthen the group’s financial position. The profit from the sale of the vessels is not significant to the consolidated results of AS Tallink Grupp.

Veiko Haavapuu
Finance Director

AS Tallink Grupp
Sadama 5/7
10111 Tallinn, Estonia
Tel. +372 640 9914
E-mail [email protected]

Steven Tarbox

Steven is a former retail professional and a ferry writer and photographer. He created NI Ferry Site as a web design project in 2014 to be a news and information source for everyone with an interest in ferries, with a particular focus on Northern Ireland. Steven is the editor of the website and looks after all of the technical aspects.
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