Rettig Group completes divestment of Bore to Spliethoff
Rettig Group has completed the sale of Bore Ltd. to the Dutch shipping company Spliethoff’s Bevrachtingskantoor B.V.. All activities of the Bore business have transfered to Spliethoff, including all of Bore’s employees, Bore’s entire fleet of nine RoRo vessels and the Bore brand.
”This is an interesting next step for Bore, which has now become part of a shipping company with global scope and long traditions in shipping. We wish Bore and the whole crew all the best as it enters a new phase of its shipping operations. As a result of the divestment the financial flexibility of Rettig Group has improved. We will continue to develop our existing businesses within the Group or diversify into entirely new businesses that support our risk diversification strategy and where Rettig Group can add value as a long-term owner”, said Tomas von Rettig, President and CEO of Rettig Group.
For further information go to www.rettig.fi or contact:
Tomas von Rettig, President and CEO, Rettig Group Ltd: call-back requests +358 40 7455276
Håkan Modig, CEO, Bore Ltd: call-back request +358 40 7455276
Josefina Tallqvist, Rettig Group, Director, Corporate Communication and Investor Relations
Tel: +358 40 7455276, email: email@example.com
Rettig Group is a Finnish family business that creates value for generations. We aim for sustainable and long-term value growth through risk diversification and a strong balance sheet. Businesses of Rettig Group are Rettig ICC – indoor climate comfort; Nordkalk – limestone-based products; insurance company Alandia – an associated company of Rettig Group; and Anchor – Rettig Group’s in-house investment operations. In 2015, Rettig Group had a turnover of EUR 891 million (IFRS) and about 4,200 employees in 28 countries.
Established in 1897, Bore Ltd has been a shipping company wholly owned by Rettig Group Ltd, with a fleet of nine RoRo vessels under Finnish flag. The Bore fleet provides services with vessels that are highly maintained and designed for year-round service with Ice Class 1A or 1A Super. The Bore RoFlex® vessels are pioneers for sustainable and economical shipping. In 2015, turnover of Bore was EUR 40 million and the total number of employees 214.
Spliethoff Bevrachtingskantoor B.V. was established in 1921 by Johan Fredrik Spliethoff as a shipbroker specialising in forest products from the Baltic. Today the Spliethoff Group operates a fleet of over 100 vessels. Its ships sail all over the world and the Group is known for its high quality by constantly keeping the fleet up-to-date, manning it with highly qualified crews and by tailoring its ships to the market in close consultation with the customer. The Finnish Ro-Ro line operator Transfennica is part of the Spliethoff Group since 2002.