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DELTAMARIN UPBEAT ABOUT PROPOSED TAKEOVER BY CHINA MERCHANTS

Friday, August 30, 2019 

China Merchants Industry Investment Limited (CMI) has made a pre-conditional voluntary offer for the entire shareholding interest of Deltamarinís parent company AVIC International Maritime Holdings Limited (AIMH).

CMI is a subsidiary of the China Merchants Group (CMG). The eventual transaction is based on AVIC Group’s strategic decision to focus on aviation business only.

Deltamarin says that should the transaction go through, nothing is expected to change for its customers. After the eventual closing of the transaction concerning only the parent company, Deltamarin’s employees will still own 20.43% of our company shares. The existing operations with the same management and personnel will continue as they are, and the business will remain independent keeping the name and the brand of Deltamarin unchanged. Deltamarin will continue with providing designs with the discretion that it has always shown in operating with almost all major players in the marketplace.

“We believe that this eventual transaction would be very positive for Deltamarin and it would further strengthen our position as a leading ship design company. The new owner of our parent company would also enable Deltamarin to develop independently in the long term and continue offering design and consulting services for our customers globally. We also see an oppotunity to gain new customers through CMI,” said Janne Uotila, MD Deltamarin.

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