Shipping giant Wallenius Wilhelmsen completes Armacup takeover

The Don Juan is one of six vessels in Armacup's fleet. (Image: Supplied)

Fri, 02 May 2025

Shipping giant Wallenius Wilhelmsen, which operates one of the world’s largest vehicle transport fleets, has completed its takeover of New Zealand vehicle carrier Armacup, increasing its shareholding from 65% to 100%.A statement published on Armacup’s website on Thursday said the amended shareholders' agreement, entered into in 2022, included a provision for Wallenius Wilhelmsen to acquire the remaining shares.The transaction closed on April 30.Wallenius Wilhelmsen is listed on the Oslo Stock Exchange with a market capitalisatio...

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