April 12, 2018 / 6:47 AM / 3 months ago

Denmark's DFDS agrees to buy shipper U.N. Ro-Ro in $1.2 bln deal

COPENHAGEN, April 12 (Reuters) - Danish shipping company DFDS has agreed to acquire Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt free basis.

DFDS’ board has decided to terminate the company’s current share buyback programme and suspend planned dividends. It also recommends a share issue of 1 billion Danish crowns ($166 million) for financing which otherwise consists of committed term loan financing.

$1 = 6.0197 Danish crowns Reporting by Teis Jensen; editing by Jason Neely

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