DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Miscellaneous
MPC Capital disposes of ship portfolio for USD 398 million
22.09.2016 / 10:00
The issuer is solely responsible for the content of this announcement.
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MPC Capital disposes of ship portfolio for USD 398 million
- Sale of "M-Star" fleet of eight 8,500 TEU container ships
- Investors realise average return of 6 % per annum
Hamburg, 22 September 2016 - MPC Maritime Investments GmbH, a subsidiary of
MPC Capital AG (Deutsche Börse Entry Standard, ISIN DE000A1TNWJ4), has
arranged the sale of a portfolio of eight container ships for a price of
around USD 398 million. The buyer is an Asian finance syndicate which
intends to continue to use the ships for charter operations. Two of the
eight fully containerised vessels each with a slot capacity of around 8,500
standard containers (TEU) have already been handed over to their new
owners. The handover of the remaining six ships is scheduled to take place
during the next weeks.
The ships that make up the "M-Star" fleet, with poetic names such as
"Mahler Star", "Manet Star" and "Mendelssohn Star", went into service
between 2004 and 2007. To finance their purchase, MPC Capital had raised
equity capital of around EUR 175 million predominantly among private
investors. The sale that has now been agreed means the investors realise an
average annual post-tax return of 6 % on their employed capital. The IRR
(internal rate of return) is up to 7.7 %, and the total return of capital
as high as 195 %.
"We are very proud that we have successfully completed a transaction of
this magnitude in this difficult industry climate," remarked Constantin
Baack, Management Board member of MPC Capital AG. "We have achieved this
solid return on our investors' employed capital not least by tightly
dovetailing specialist shipping knowledge with financial expertise in our
investment team."
About MPC Capital AG (www.mpc-capital.de)
MPC Capital AG is an independent asset and investment manager specialising
in real asset investments and investment products. Together with its
subsidiaries, the company develops and manages real asset investments and
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 240 employees group-wide.
Contact
MPC Capital AG
Stefan Zenker
Leiter Investor Relations & Public Relations
Tel. +49 (40) 38022-4347
E-mail: s.zenker@mpc-capital.com
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22.09.2016 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,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange;
Open Market (Entry Standard) in Frankfurt
End of News DGAP News Service
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504347 22.09.2016
DGAP-News: MPC Capital disposes of ship portfolio for USD 398 million
| Source: EQS Group AG