Finland’s Rettig Group is divesting its roro shipping company Bore to the Dutch shipping company Spliethoff’s Bevrachtingskantoor.
All activities of the Bore business will transfer to Spliethoff, including all of Bore’s employees, Bore’s entire fleet of nine roro vessels.
The all-cash deal is expected to close on 30 June this year and does not require any approval by competition authorities. No price has been given for the deal.
The Spliethoff group operates a fleet of over 100 vessels worldwide. Finnish roro line operator Transfennica has been part of the Spliethoff Group since 2002.
“This is an interesting next step in the development of Bore. Bore will become part of a bigger shipping company that also has long traditions in shipping,” said Tomas von Rettig, president and CEO of Rettig Group.