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Njord Advises on Purchase of Paldiski-Hanko Freight and Passenger Route

Njord Advises on Purchase of Paldiski-Hanko Freight and Passenger Route

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Njord has advised DFDS A/S, the biggest Northern-European shipping and logistics services provider, on its acquisition of the Paldiski (Estonia) - Hanko (Finland) shipping line from Navirail OU. As previously reported, Navirail was advised on the deal by the Derling firm.

According to a statement released by Njord, "the transaction contained a four-year time-charter agreement of RO-PAX ship, and a purchase earnout scheme."

Njord performed legal due diligence, submitted the notice of concentration, and prepared agreements for the multiple-step transaction.  

The Paldiski-Hanko line — which generated turnover of approximately EUR 10.7 million in 2015 — will be serviced by Sailor, a RO-PAX ferry.   

The Njord team consisted of Partners Anne Veerpalu, Veikko Toomere, and Katrin Sarap, and Associates Siiri Kuusik, Siiri Traat-McClelland, and Raimo Klesment.  

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