The lenders concerned have approved Rederi AB TransAtlantic (publ)'s acquisition of the outstanding shares in the companies included in Trans Viking - the joint venture within the business area Offshore/Icebreaking, which is owned in equal shares by Rederi AB TransAtlantic and the Norwegian company Kistefos AS, through its subsidiary Viking Supply Ships AS. The transaction was announced by TransAtlantic on August 13, 2010. Further, TransAtlantic announced on September 7, 2010 that the relevant competition authority has approved the acquisition. The transaction is intended to be effected by way of issuance in kind, at which payment shall be made by issuance of new A and B shares in TransAtlantic, and is conditioned upon a decision by the Extraordinary General Meeting in TransAtlantic to be held on September 22, 2010. For more information please contact acting CEO in TransAtlantic, Stefan Eliasson, phone +46 (0)304 67 47 00. Rederi AB Transatlantic is a leading Swedish shipping company. Operations are organized into two business areas: Offshore/Icebreaking and Industrial Shipping. The ships fleet consists of 38 vessels, three anchor handling vessels that are to be delivered 2010-2011, and also of ships chartered for shorter periods. The company has approximately 1 100 employees. The TransAtlantic shares are listed on NASDAQ OMX Stockholm Small Cap segment. TransAtlantic is obliged to make this information public according the Financial Markets Act and the Financial Instruments Trading Act (Sw: lagen om värdepappersmarknaden och lagen om handel med finansiella instrument). The information was submitted for publication on September 22, 2010 at 10.30 a.m. [HUG#1445968]
Approval of Rederi AB TransAtlantic's Acquisition of Trans Viking by the Lenders Concerned
| Source: Viking Supply Ships AB