Even though several months of work may not be entirely squandered, they have not provided the result which DFDS had hoped for. The company’s acquisition of Scandlines will not become a reality, simply because the price the Danish carrier was willing to offer was too low.
“Our offer was too low. We had prepared a fully financed offer for Scandlines, but following a short discussion, it was clear that the acquisition would not happen. Of course, you can get anything if you are willing to pay for it, but it is crucial for us to be able to make a deal which benefits our shareholders. Therefore, we were only ready to pay a certain amount,” says DFDS CEO Niels Smedegaard to ShippingWatch.