Polaris Private Equity sells ferry business to EQT Infrastructure

Express 4, a ferry operated by Molslinjen (Photo: Austal)

Copenhagen-based Polaris Private Equity has entered into an agreement to divest ferry line Molslinjen to Stockholm-registered EQT Infrastructure.

The transaction will include Molslinjen’s 15-strong ferry fleet and its routes between Jutland and Zealand as well as ferry connections to and from Bornholm, Langeland, Als, Fanø and Samsø as well as Sweden and Germany.

Two more vessels are slated to be added to this same fleet in 2021 and 2022, respectively. These include an electric ferry for the Fanø route and a dual-fuel catamaran vessel (pictured) for the Bornholm crossing.

The transaction is conditional on competition authorities’ approval and expected to be completed in early 2021. The parties have agreed not to disclose the sales price.

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