Wallenius and Wilhelmsen have signed a letter of intent to establish a[ds_preview] new ownership structure for their jointly owned investments. The merger is expected to enable synergies between 50 and 100mill. $. Both parties will combine their ownership in the jointly owned entities Wallenius Wilhelmsen Logistics (jointly owned 100%), EUKOR Car Carriers (jointly owned 80%) and American Roll-on Roll-off Carrier (jointly owned 100%) in a new entity to be named Wallenius Wilhelmsen Logistics ASA. In addition, the parties have agreed to merge the ownership of the majority of their vessels and affected assets and liabilities. The proposed transaction is expected to close within in the first quarter of 2017.
