Stena signs agreement to acquire Color Line

AI Summary

Swedish industrial group Stena AB has agreed to acquire Norwegian ferry and shipping company Color Line, subject to regulatory approval. The companies say the combination would bring together complementary European passenger and freight transport operations.

The Swedish industrial Group Stena AB, owner of ferry operator Stena Line, has entered into an agreement to acquire the Norwegian shipping company Color Line, subject to regulatory approval. The transaction will bring together two companies with complementary operations in European passenger and freight transport, creating added value and benefits for both companies’ customers. Privately ...