Approval of Rederi AB TransAtlantic's Acquisition of Trans Viking by the Lenders Concerned

Mittwoch, 22.09.2010 10:35 von 

The lenders concerned have approved Rederi AB TransAtlantic (publ)'s acquisition
of the outstanding shares in the companies included in Trans Viking - the joint
venture within the business area Offshore/Icebreaking, which is owned in equal
shares by Rederi AB TransAtlantic and the Norwegian company Kistefos AS, through
its subsidiary Viking Supply Ships AS.

The transaction was announced by TransAtlantic on August 13, 2010. Further,
TransAtlantic announced on September 7, 2010 that the relevant competition
authority has approved the acquisition. The transaction is intended to be
effected by way of issuance in kind, at which payment shall be made by issuance
of new A and B shares in TransAtlantic, and is conditioned upon a decision by
the Extraordinary General Meeting in TransAtlantic to be held on September
22, 2010.


For more information please contact acting CEO in TransAtlantic, Stefan
Eliasson, phone +46 (0)304 67 47 00.


Rederi AB Transatlantic is a leading Swedish shipping company. Operations are
organized into two business areas: Offshore/Icebreaking and Industrial Shipping.
The ships fleet consists of 38 vessels, three anchor handling vessels that are
to be delivered 2010-2011, and also of ships chartered for shorter periods. The
company has approximately 1 100 employees. The TransAtlantic shares are listed
on NASDAQ OMX Stockholm Small Cap segment.

TransAtlantic is obliged to make this information public according the Financial
Markets Act and the Financial Instruments Trading Act (Sw: lagen om
värdepappersmarknaden och lagen om handel med finansiella instrument). The
information was submitted for publication on September 22, 2010 at 10.30 a.m.



[HUG#1445968]





Press release PDF: 
http://hugin.info/135816/R/1445968/389070.PDF




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Source: Rederi AB Transatlantic via Thomson Reuters ONE

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