Published: 2011-06-01 08:50:00 CEST
Tallink Grupp
Company Announcement

Sale of MS Vana Tallinn

Tallinn, 2011-06-01 08:50 CEST (GLOBE NEWSWIRE) -- Sale of MS Vana Tallinn

Vana Tallinn Line Ltd., a subsidiary of AS Tallink Grupp and Allferries SA, have concluded a three year hire-purchase charterparty for MS Vana Tallinn. 

The vessel will be delivered to Allferries SA in June 2011 for their operations in the Mediterranean Sea. The title of the vessel will be handed over at the end of the charter period after all contractual payments are made. 

Parties have agreed not to disclose the transaction price. The profit and cash flow from the transaction are not significant to the consolidated results of AS Tallink Grupp.

 

         Harri Hanschmidt
         Head of Investor Relations
         
         AS Tallink Grupp
         Sadama 5/7. 10111 Tallinn
         Tel +372 640 8981
         E-mail harri.hanschmidt@tallink.ee