Finnlines to focus on its core businesses
Finnlines has today sold the German company Team Lines GmbH & Co. KG together with its subsidiaries in Finland, Sweden and Norway for EUR 40 million (a debt-free price) to the Belgian shipping company Delphis NV.
Team Lines is a container feeder company operating 23 chartered container vessels. The net sales of Team Lines Group was EUR 187 million in 2005.
The deal is subject to the approval of the relevant competition authorities.