CEO of Norway-based global maritime industry group, Wilhelmsen, Thomas Wilhelmsen, commented: “We disagree with the views of the US competition authorities. This would have been an important strategic investment for our group, which we believe would have meant better services and better prices for our customer. We are therefore disappointed that we will not be able to bring the deal to a close.”
Wilhelmsen and Drew have reportedly agreed on a termination fee of US$20 million. According to Wilhelmsen, the fee will now be invoked and have a negative, non-recurring effect on Wilhelmsen’s second quarter accounts, which are to be released on 9 August 2018 at 20:00 CET.
