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DFDS’ Offer For Channel Ferries Accepted By Eurotunnel

DFDS’ Offer For Channel Ferries Accepted By Eurotunnel

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.

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