Tallink Grupp
Sale of the vessels Regina Baltica and Silja Festival
DGAP-News: Tallink Grupp 2015-02-27 / 07:32 --------------------------------------------------------------------- Tallinn, 2015-02-27 07:32 CET (GLOBE NEWSWIRE) -- Sale of the vessels Regina Baltica and Silja Festival Tallinn Stockholm Line Ltd., a subsidiary of AS Tallink Grupp has come to an agreement with Scandinavian interest (a non related party) to sell the motor vessel Regina Baltica. The vessel is expected to be delivered by April 2015. Tallink Swedish Line Ltd., a subsidiary of AS Tallink Grupp has come to an agreement with Bridgemans Services Ltd. to sell the motor vessel Silja Festival. The vessel is expected to be delivered to Bridgemans Services Ltd. by April 2015. Parties have agreed not to disclose the transaction prices. The transactionswillhave no major impacttothegroupoperations and consolidatedresults. Thecashflowfromthe sale of thevesselswillstrengthen the group'sfinancialposition by supportingdividend payment, investments and repayment of loans. Harri Hanschmidt Head of the Finance Department AS Tallink Grupp Sadama 5/7. 10111 Tallinn Tel +372 640 8981 E-mail harri.hanschmidt@tallink.ee News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-02-27 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Tallink Grupp Estonia ISIN: EE3100004466 End of News DGAP News-Service --------------------------------------------------------------------- 327605 2015-02-27
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