• NafsGreen Press Staff
  • Finance

Wallenius Wilhelmsen Logistics ASA starts trading on the Oslo Stock Exchange

With the merger completed between Wilhelmsen and Wallenius, Wallenius Wilhelmsen Logistics ASA (WWL ASA) starts trading under the ticker WWL today,

replacing Wilh. Wilhelmsen ASA at the Oslo Stock Exchange. WWL ASA will become a significant player on Oslo Børs and is among the 10 largest listed shipping and logistics companies globally.

The new company brings together the shipping activities and assets of Wilh. Wilhelmsen ASA and Wallenius Lines, and unites the ownership of the shipping and logistics businesses of EUKOR Car Carriers, WWL AS and American RoRo Carriers.

WWL ASA will become the undisputed market leader globally, with an unmatched product and network. The companies’ 130 vessels serve more than 15 trade routes to six continents for all major vehicle, construction and mining equipment manufacturers.

As of today, Craig Jasienski is the new CEO and Rebekka Glasser Herlofsen the new CFO of Wallenius Wilhelmsen Logistics ASA.

“The Car and Ro-Ro shipping markets have changed significantly in recent years, and will face considerable change. Changes in manufacturing, technology, artificial intelligence, regulations and commercial demand will alter the world of transport as we know it.  With 156 years of experience in shipping and logistics, we have survived and grown by being pioneers and driving change.  Gathering our forces in WWL ASA, we are poised to take full advantage of the opportunities created in this dynamic marketplace,” says Craig Jasienski, CEO. 

As resolved in the extraordinary general meeting in Wilh. Wilhelmsen ASA on 25 January 2017, the board of directors of Wallenius Wilhelmsen Logistics ASA shall with effect from today, and for a period of two years, consist of Håkan Larsson (chairman), Thomas Wilhelmsen, Jonas Kleberg, Marianne Lie and Margareta Alestig.

For a full description of the merger, please refer to the previous Stock Exchange Notices from Wilh. Wilhelmsen ASA dated 22 December 2016 and 20 January 2017.

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