CLAVE 1 / 4Stena Line acquires 100% of Color Line in all-share deal.
CLAVE 2 / 4Combined group will operate 45 vessels across 23 routes in Northern Europe and the Mediterranean.
CLAVE 3 / 4Color Line carried 3.6 million passengers and 150,000 freight units in 2025, generating $718m revenue.
CLAVE 4 / 4Deal values Color Line at roughly €650m based on 2025 earnings and sector multiples.
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