23.10.2018 08:45:06

DGAP-News: MPC Capital further expands shipping business with institutional investors

DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Acquisition
MPC Capital further expands shipping business with institutional investors

23.10.2018 / 08:45
The issuer is solely responsible for the content of this announcement.


Press Release

MPC Capital further expands shipping business with institutional investors

Hamburg, 23 October 2018 - MPC Maritime Investments GmbH ("MPC Maritime"), a wholly-owned subsidiary of MPC Capital AG (Deutsche Börse Scale, ISIN DE000A1TNWJ4), has acquired three Panamax-sized container vessels on behalf of an international investor. The transaction volume amounted to USD 42 million.

In the current year, MPC Maritime has procured a total of 9 single and multi-asset deals with an investment volume of more than USD 110 million. The focus of the newly acquired vessels is on bigger container ships, supplemented by bulkers and one tanker. The majority of the vessels are technically managed by Ahrenkiel Steamship and commercially managed by Contchart. Both companies are wholly-owned subsidiaries of MPC Capital AG and were originally set-up to focus on container ships and bulkers. Most recently, Ahrenkiel has begun offering management services for tanker vessels.

Following the successful launch of MPC Container Ships ASA last year focusing on feeder container vessels, the MPC Capital Group is asserting its role as a leading specialist for sourcing, financing and managing maritime assets. Moving forward MPC Capital plans to further expand its business with managed accounts in order to meet increasing investor demand for attractive maritime assets.

As of 30 June 2018, MPC Capital has EUR 5.2 billion in assets under management (AUM). For the first time over half of this amount is attributable to business with institutional investors, underpinning the successful transformation of MPC Capital's business model towards institutional clients. Shipping assets today make up 44 % (EUR 2.3 billion) of all real assets managed by the MPC Capital Group.

About MPC Capital AG (www.mpc-capital.com)
MPC Capital AG is an internationally active asset and investment manager specialising in real asset investments. Together with its subsidiaries, the company develops and manages investment products for international institutional investors, family offices and professional investors. Its focus is on the asset categories Real Estate, Shipping and Infrastructure. MPC Capital AG has been quoted on the stock exchange since 2000 and has around 270 employees group-wide.

Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347img
e-mail: s.zenker@mpc-capital.com



23.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: MPC Münchmeyer Petersen Capital AG
Palmaille 75
22767 Hamburg
Germany
Phone: +49 (0)40 380 22-0
Fax: +49 (0)40 380 22-4878
E-mail: kontakt@mpc-capital.com
Internet: www.mpc-capital.de
ISIN: DE000A1TNWJ4
WKN: A1TNWJ
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

736469  23.10.2018 

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