Swedish Stena Group agrees to acquire Norway's Color Line ferry operator
Swedish industrial conglomerate Stena AB, owner of Stena Line, has signed a deal to purchase the Norwegian ferry company Color Line.
Stena AB, the Swedish group that runs Stena Line, announced an agreement to buy Color Line, the Norwegian ferry operator. The transaction will transfer ownership of Color Line's routes and vessels to the Swedish firm. Details of the purchase price and regulatory approvals were not disclosed in the announcement.
Why it matters
The purchase reshapes the ferry market in Scandinavia, giving Stena a larger footprint and potentially affecting routes and prices.
In this story
StenaColor Lineferry acquisitionScandinavian transportmaritime merger
