08.02.2018 11:24:01

DGAP-News: MPC Münchmeyer Petersen Capital AG

DGAP-News: MPC Capital: MPC Container Ships Increases Investment Volume to USD 625 million

DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Miscellaneous
MPC Capital: MPC Container Ships Increases Investment Volume to USD 625 million

08.02.2018 / 11:24
The issuer is solely responsible for the content of this announcement.


MPC Capital: MPC Container Ships Increases Investment Volume to USD 625 million

Hamburg/Oslo, 8 February 2018 - During the last week, MPC Container Ships ASA, Oslo, increased its investment capacity by USD 175 million to USD 625 million. Last week, the Company raised USD 100 million as part of a bond tap. Yesterday, it increased its equity by a further USD 75 million through a private placement with international institutional investors, which was significantly oversubscribed despite the adverse capital market conditions. The funds will be used to acquire additional feeder container vessels in the size between 1,000 and 3,000 TEU on the second-hand market.

Since its foundation in spring 2017, MPC Container Ships has thus raised USD 425 million in equity and another USD 200 million from bond issues from international institutional investors. Within nine months MPC Container Ships has built up a fleet of 44 container ships. A large part of the fleet is managed by the technical ship manager Ahrenkiel Steamship and the charter company Contchart Hamburg / Leer. Both companies belong to the MPC Capital Group.

MPC Container Ships was set up by MPC Capital on the basis of a favorable market dynamics for the container feeder segment: Attractive supply/demand patterns in intraregional trade meet historically low asset values for ships, which are protected by high recycling prices.

The shares of MPC Container Ships ASA have been traded on the Oslo Merkur Market since May 2017. In January 2018, the company was up-listed to Oslo Axess, the fully regulated marketplace of the Oslo Stock Exchange. MPC Capital is a co-investor in MPC Container Ships ASA.

About MPC Capital AG
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 260 employees group-wide.

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



08.02.2018 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
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

652619  08.02.2018 

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