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October 12, 2005

Oy Retttig Ab Bore finalises the acquisition of Bror Husell Chartering Ab Ltd


All shareholders in Bror Husell Chartering Ab Ltd have now sold all their shares to Oy Rettig Ab Bore. The agreements were signed in the presence of the Chairmen of both companies, Mr Bror Husell and Mr Cyril von Rettig, in Mariehamn today.

Bror Husell Chartering Ab Ltd, founded in 1964, operates within RoRo and COA (Contracts of Affreightment). The annual turnover amounts to EUR 23 million and the number of employees is 100. BHC operates nine vessels, seven of which are owned by the company.

Oy Rettig Ab is a Finnish family owned industrial group focusing on three core business areas: Rettig ICC (hydronic and electrical heating, indoor climate regulation), Bore (shipping) and Tarkala (real estate development and rental). In 2004 the turnover amounted to EUR 641 million and the number of personnel is 4,000. Bore accounts for EUR 20 million in turnover with four RoRo vessels and 120 employees.

For more information please contact:

Oy Rettig Ab Bore
Kaj Eriksson, CEO
Tel. +358 2 281 3601
www.boregroup.com

Bror Husell Chartering Ab Ltd
Jhonny Husell, Managing Director
Tel. +358 18 525 631
www.bhc.aland.fi



Attachments
  • Bore Bror Husell press release 10 05.pdf

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