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Tallink EGM approves Silja acquisition

Date: 23 Jun 2006 00:00 Source: Shippax

A step towards the completion of Tallink’s acquisition of Silja Line was taken on Thursday, when a majority of Tallink shareholders at an Extraordinary General Meeting voted in favour of the deal.

An overwhelming majority of the shareholders gave their support to the acquisition: 87,686,582 votes were in favour; 2,272 were against. 1,320 did not vote.

The deal has still to be cleared by the competition authorities.

At the same EGM, it was decided that the company’s Supervisory Board will have the possibility to increase Tallink’s share capital from the minimum EEK 1,365,000,000 to EEK 1,575,000,000 in two years time.

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