Davis Polk advised DFDS A/S on a private placing of new shares representing approximately 5% of its registered share capital. The private placing raised gross proceeds of approximately DKK 1.0 billion. The new shares have been admitted to trading and official listing on the NASDAQ Copenhagen. The placing was conducted as an accelerated bookbuild process.

The proceeds of the placing will be used in connection with the acquisition of U.N. Ro-Ro İşletmeleri A.Ş., planned fleet renewals for both DFDS and U.N. Ro-Ro and potential DFDS investment opportunities during the next 12 to 18 months.

DFDS, a Danish company listed on the NASDAQ Copenhagen, moves freight and passengers on ferry routes in Europe and provides transport and logistics solutions for a wide range of businesses. U.N. Ro-Ro is Turkey’s largest operator of freight ferry routes connecting Europe and Turkey.

The Davis Polk corporate team included partner Reuven B. Young and associate Ida Araya-Brumskine. All members of the Davis Polk team are based in the London office.

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