TransAtlantic divests container and ship management operations
TransAtlantic, a subsidiary of the listed company Viking Supply Ships, is divesting its container operations to X-Press Feeders. TransAtlantic is also divesting its ship management operations to AtoB@C Shipping.
Viking Supply Ships is engaged in offshore services and icebreaking primarily in Arctic and subarctic areas. TransAtlantic carries goods primarily for the Nordic region’s industrial sector using bulk, RoRo and container vessels, and now is divesting a segment of these operations. Viking Supply Ships’ turnover in 2014 was approximately SEK 3.2 billion and the company’s B-shares are listed on Nasdaq Stockholm, Small Cap.
X-Press Feeders is the largest independent common carrier of containers in the world. The fleet of close to 100 vessels operates from all the major global transhipment hubs, and the expected 2015 throughput is 4.8 million TEUs. X-Press Feeders is a privately owned global group with operations in Singapore, Hamburg, Barcelona, Dubai, Bombay, Panama and in Sweden as from the beginning of December 2015 (when closing of the transaction is expected to occur).
AtoB@C Shipping is a privately owned shipping company with headquarters in Ystad, Sweden. The company operates a fleet of 30 ice classed, multipurpose vessels. The trading area is Europe.
TransAtlantic is advised by Mannheimer Swartling in the transactions. The firm’s team consisted primarily of Johan Ljungberg, Bita Pourmotamed, Malin Selin, Simon Carlsson and Otto Gullberg.