Ahrenkiel Steamship GmbH & Co. KG
MPC Münchmeyer Petersen Steamship GmbH & Co. KG: MPC expands shipping company segment and acquires Ahrenkiel Group together with Thien & Heyenga
PRESS RELEASE MPC Group – MPC expands shipping company segment and acquires Ahrenkiel Group together with Thien & Heyenga Hamburg, April 1, 2014 – The MPC Group, Hamburg, has acquired the C. F. Ahrenkiel Group and the shipping activities in Germany and Cyprus together with Thien & Heyenga through a newly founded company. Ahrenkiel’s activities will be pooled with those of the MPC Group’s MPC Münchmeyer Petersen Steamship and Thien & Heyenga under the name Ahrenkiel Steamship. With 62 ships in technical management, this will create a new shipping group that ranks among the world’s top ten managing owners in the container sector. The acquisition of the Ahrenkiel Group is taking place against the backdrop of the consistently weak shipping markets of recent years, and is a step towards market consolidation. A key factor in this was the restructuring of the Ahrenkiel Group led by HSH Nordbank and supported by the other creditor banks. The merger of three shipping companies that have been successfully positioned in the market for years will bundle experience and leverage economies of scale, which will ensure the competitive capability of Ahrenkiel Steamship and safeguard jobs in Hamburg. The new shipping group has a stable financial and business foundation. Mr Peter Ballreich, Managing Owner of Thien & Heyenga, explained the cooperation and the transaction as follows: “MPC Steamship and Thien & Heyenga have been closely working together on concepts to manage the ruinous shipping crisis since the start of 2012. This also includes planning the merger of our two shipping companies with Ahrenkiel to create a new, competitive shipping group, which will be commencing operations from today under the name of Ahrenkiel Steamship. Our industry urgently needs a recovery of the markets. We believe we are well positioned for the future.” MPC Münchmeyer Petersen Steamship GmbH & Co. KG Contact This is non-binding PR information. End of Media Release Issuer: MPC Münchmeyer Petersen Steamship GmbH & Co. KG Key word(s): Enterprise 01.04.2014 Dissemination of a Press Release, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
260813 01.04.2014 |