"Stena Line to Acquire Wasaline, Strengthening Baltic Sea Operations and Sustainability Leadership"

"Stena Line is acquiring NLC Ferry Ab Oy (Wasaline), enhancing its position in the Baltic Sea and taking over the ferry route between Umeå, Sweden, and Vaasa, Finland. This acquisition supports Stena Line's sustainability goals, providing access to alternative fuels and strengthening intermodal transport links. Wasaline, owned by Kvarken Link, is the world's northernmost shipping company and the first carbon-neutral ferry operator in the Baltic Sea. The transaction is subject to municipal and regulatory approvals, with completion expected in early 2026. Castrén & Snellman and CMS Wistrand are advising Stena Line on legal matters."

Castrén & Snellman and CMS Wistrand acted as legal advisers in the transaction involving Stena Line and NLC Ferry Ab Oy (Wasaline). Castrén & Snellman advised Stena Line on Finnish law matters, while CMS Wistrand provided counsel on Swedish law matters. The transaction involves Stena Line’s acquisition of NLC Ferry Ab Oy (Wasaline), a company owned by Kvarken Link, which is jointly owned by the cities of Umeå and Vaasa. Wasaline operates daily passenger and freight services between Vaasa, Finland, and Umeå, Sweden, and is recognized as the world’s northernmost shipping company and the first carbon-neutral ferry operator in the Baltic Sea with its hybrid vessel, Aurora Botnia. This acquisition strengthens Stena Line’s position in the Baltic Sea, enhances its sustainability efforts, and improves its access to alternative fuels. The transaction is subject to the approval of the municipal councils of Umeå and Vaasa, as well as customary closing conditions, with completion expected in early 2026. The Castrén & Snellman team included the following lawyers: - **Karlo Siirala** - **Freja Väyrynen** - **Rickard Langenskiöld** - **Jussi Mäkikangas** - **Suzanne Simon-Bellamy** - **Anna Joutsi** - **Joachim Wik** - **Suvi Kettunen** - **Janne Koivisto** Details regarding their seniority and practice areas were not provided in the press release.

"Stena Line to Acquire Wasaline, Strengthening Baltic Sea Operations and Sustainability Leadership"

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