The funds managed by the 3i Group Plc sold their stakes in Scandlines for an equity value of EUR 1.7 billion to infrastructure funds First State Investments and Hermes Investment Management, two long-term infrastructure investors, mainly representing pension fund companies.
Scandlines operates two short, high-frequent ferry routes connecting Denmark and Germany. Thus the ferry operator serves the most important transport corridor between Germany, mainland Europe and Scandinavia. The company’s eight ferry vessels offer more than 42,000 trips per year, thus ensuring effective and reliable transport connections for cargo operators as well as for passengers.
In 1998, Germany’s and Denmark’s biggest national ferry shipping companies merged, creating the new company Scandlines AG. Their core business is high frequent and reliable transportation service for freight customers and passengers. Scandlines’ ferries transported a total of 2.5 million vehicles and more than 7.6 million passengers in 2017on the Puttgarden-Rødby route and on the Rostock to Gedser route, and adds to the infrastructure between the European continent and Scandinavia.