Eurotunnel has accepted DFDS’ offer for the ferries Rodin and Berlioz.
From 2 July 2015, DFDS has entered into long-term bareboat charter agreements for the two ships. In addition, a put option agreement has been entered into that provides Eurotunnel with the right to require DFDS to purchase the ships. The put option agreement expires at the latest in mid-2017.
Eurotunnel can exercise the put option on terms agreed between the parties, including a price reduction equal to any charter payments made before an exercise of the put option.
In addition, the administrators of the SCOP-SeaFrance have launched a sales process of all or parts of the SCOP-SeaFrance and DFDS will constructively participate in this process.
Neither the bareboat charter agreements, nor the put option agreement, entail changes to DFDS’ previously announced outlook for earnings in 2015.