Profit split related to Walenius Lines AB sale of shares in Wallenius Wilhelmsen Logistics ASA
Wallenius Lines AB and Wilh. Wilhelmsen Holding ASA now hold 37.8% of the shares in Wallenius Wilhelmsen Logistics ASA respectively. Other shareholders hold the remaining 24.4% of the shares.
As part of the agreement announced 22 December 2016, Wallenius Lines AB and Wilh. Wilhelmsen Holding ASA agreed that for 75% of the shares sold the parties would split any upside above NOK 32.50 per share. As the shares were placed at NOK 40 per share, approximately USD 14 million will be included as a non-recurring gain in Wilh. Wilhelmsen Holding ASA's accounts for the second quarter.