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Wallenius Wilhelmsen Logistics owners sign agreement to form world leading shipping and logistics platform.
WWL’s owners Wilhelmsen and Wallenius have signed an agreement leading to a new ownership structure for their jointly owned investments in Wallenius Wilhelmsen Logistics, EUKOR Car Carriers and American Roll on Roll off Carrier.
“Signing the transaction agreement is an important milestone taking us one step closer to the merger and the creation of the new Wallenius Wilhelmsen Logistics ASA group,” says Craig Jasienski, CEO of WWL AS and EUKOR Car Carriers, and designated president and CEO of WWL ASA.
“We are bringing together five companies with a rich heritage, proven capabilities and an unrivalled market presence, to create an efficient and agile platform for future growth of both our ocean and land-based logistics,” says Mr Jasienski.
The final closing of the merger is expected early April, subject to relevant regulatory and shareholders’ approvals.
On 5th September 2016, Wallenius and Wilhelmsen announced their intent to merge the ownership of WWL, EUKOR Car Carriers and American Roll-on Roll-off Carrier in to one entity, to be named Wallenius Wilhelmsen Logistics ASA (WWL ASA) and listed on the Oslo Stock Exchange. In addition, the parties have agreed to merge the ownership of the majority of their vessels and other affected assets and liabilities into this entity.
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