Wallenius Lines’ acquisition of Wallenius SOL has now been approved by the relevant authorities.
It was in mid-April that Wallenius Lines announced its intention to acquire SOL Group’s shares in Wallenius SOL. The deal will make Wallenius Lines the sole owner.
“Becoming the sole owner enables us to take a holistic approach to Wallenius SOL’s continued development. This is an important step for Wallenius Lines and strengthens our role as a long-term industrial player and shipping company,” says Erik Nøklebye, CEO of Wallenius Lines.
For Wallenius SOL, the new ownership structure means a clear and long-term home within Wallenius Lines. Operations will continue as planned, with the same management, organisation and strategic focus.