Ad hoc: MPC Capital and Wilhelmsen join forces in technical ship management in the container segment
21 Jul 2020 - 08:45 CET/CEST
DISCLOSURE OF INSIDE INFORMATION ACC. TO ARTICLE 17 MAR
MPC Capital and Wilhelmsen join forces in technical ship management in the container segment
Hamburg, 21 July 2020 -- The Hamburg-based asset and investment manager MPC Capital AG (“MPC Capital”) (Deutsche Börse, Scale, ISIN DE000A1TNWJ4) and Wilhelmsen Ship Management, a third party ship manager headquartered in Singapore, have agreed to combine their activities in the technical management of container ships. To this end, Wilhelmsen Ship Management acquires a 50 % stake in Ahrenkiel Steamship GmbH & Co KG, the technical container ship manager within the MPC Capital Group.
In the future, the joint venture will operate under the brand “Wilhelmsen Ahrenkiel Ship Management”. The company will continue to operate out of Hamburg and Rhoon, while supported by Wilhelmsen’s global network. The new company will manage a fleet of currently 72 container ships with a focus on feeder container ships with a capacity of 1 000 to 3 000 standard containers (TEU). The aim is to further expand the fleet and expand the service business internationally.
The parties have agreed not to disclose the purchase price. The closing of the transaction is still subject to approval by the relevant antitrust authorities.
Contact and disclosing person pursuant to Article 17 of MAR
MPC Capital AG
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347
Head of Investor & Public Relations
+49 (40) 380 22 - 4347