ESL Shipping planned to form an independent listed company

Helsinki-based dry bulk shipping specialist ESL Shipping is planned to become an independent company and listed on Nasdaq Helsinki. 

ESL Shipping’s parent company Aspo announced on Monday that the board of directors of Aspo has approved a demerger plan concerning the separation of ESL Shipping into a new listed company.

The listing of ESL Shipping Group and the partial demerger of Aspo are conditional on the approvals of the extraordinary general meeting of Aspo Plc, planned to take place on December 7. 

All of ESL Shipping’s operations and services continue as usual, according to an announcement issued by ESL Shipping.

ESL Shipping, a subsidiary of Aspo Plc, has a fleet portfolio of around 40 vessels with cargo capacity ranging from