Wallenius Lines acquires Wallenius SOL, becomes sole owner

Wallenius Lines has agreed to acquire SOL Group’s shares in Wallenius SOL, a move that would make it the company’s sole owner.

The deal is subject to approval from the Swedish Competition Authority and the Inspectorate of Strategic Products. MarineLink reported the transaction on April 13.

Wallenius SOL said the acquisition is not expected to change its operations, strategic direction or offering. The company said it will continue with the same management and organization and proceed according to Blueprint 2030.

The transaction further consolidates Wallenius Lines’ control of the shipping business, but the final closing still depends on Swedish regulators.

No timetable for regulatory approval was immediately announced.