EQS-Adhoc: MPC Capital increases shareholding in MPC Container Ships

EQS-Ad-hoc: MPC Münchmeyer Petersen Capital AG / Key word(s): Investment/Change in Forecast
MPC Capital increases shareholding in MPC Container Ships

15-March-2024 / 08:19 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

MPCC was initiated by MPC Capital and listed on the Oslo Stock Exchange in 2017. From an initial opportunistic investment strategy focused on the strong upside potential of asset values in the market segment for smaller container vessels, MPCC has since developed into a leading global provider of feeder container tonnage. Today, MPCC is included in Oslo Stock Exchange's OBX, an index of the 25 most liquid companies.

Due to its dynamic development, MPCC has steadily increased in strategic importance for MPC Capital. MPC Capital is involved in the technical and commercial management of the MPCC fleet and regularly participates in acquisitions, sales and newbuilding projects. Through its investment in MPCC, MPC Capital benefits from regular, high returns based on MPCC's attractive dividend policy with a payout ratio of 75% of net profit.

The medium-term outlook for the market segment for smaller container ships remains positive. On the supply side, the orderbook for new vessels in this market segment is limited and the existing fleet is characterized by a high average age. At the same time, demand for ship transport in intra-regional trades is expected to be a relatively dynamic. In addition, efforts to meet global climate targets are increasing the demand for investment in the decarbonization of maritime infrastructure. MPCC is excellently positioned in this market with industry-low leverage and high earnings visibility from existing charter agreements. 

MPC Capital believes it is ideally positioned to further develop its business. In this context, MPC Capital sees attractive investment opportunities, particularly due to the high demand for investments in relation to the energy transition, but also due to opportunities arising from market uncertainties and lower asset values.
 

This release contains forward-looking statements that are subject to certain risks and uncertainties. Future results could differ materially from those currently anticipated due to various risk factors and uncertainties, including, among others, changes in business, economic and competitive conditions, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. MPC Capital AG does not assume any responsibility to update the forward-looking statements contained in this release.

About MPC Capital AG (www.mpc-capital.com)

MPC Capital is a global asset and investment manager for real assets in the areas of real estate, renewables and shipping. Its range of services includes the selection, initiation, development and structuring of investments, through active management to divestment. With approximately 200 employees and 30 years of experience, MPC Capital offers institutional investors access to investments in selected markets with attractive growth and return opportunities. As a responsible company with a family background that has been listed on the stock exchange since 2000, MPC Capital contributes to meeting the financing needs to achieve global climate goals.

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