With reference to a press release from Eimskip dated 2 November, the company emphasizes the following:
Eimskip has entered into an agreement to acquire the Norwegian shipping and logistics company Nor Lines. Nor Lines is a strategic fit in Eimskip’s core market and the overall transaction is asset-light. The final purchase price is subject to adjustments based upon the company’s financial statements for the year 2016. The approximate purchase price is EUR 15 million and can decrease or increase based on the financial performance of Nor Lines for the year 2016.