Danish Consortium To Acquire A-shares In Danish Ship Finance - Quick Facts

(RTTNews) - Danish Ship Finance announced its Board and the large shareholders view Axcel's, PFA's and PKA's ownership as a highly satisfactory solution ensuring a continued strong Danish ship finance institution backed by well capitalized owners. The transaction is a sale of assets which are no longer considered core to the large shareholders. The buyers of the A-shares in Danish Ship Finance are Axcel, PFA and PKA, that collectively acquires 72% of the share capital and 79% of the voting rights from the large shareholders through AXPP ShareCo A/S. The total purchase price of all A-shares amounts to DKK 4.25 billion.

The A-shares constitutes 90% of the share capital, while the B-shares owned by The Danish Maritime Fund constitutes 10% of the share capital. After the transaction is completed, a dividend payment of DKK 1 billion is expected to be distributed to AXPP ShareCo A/S and the remaining A-shareholders.

Danish Ship Finance A/S is a Danish based ship financing company, who distributes loans to Danish and international shipping companies based on mortgages on the vessels.