ER Schiffahrt and Rickmers – New Merger on the Cards!

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Yes! It’s Potentially Possible, If What They Are Weighing Comes True

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The new merged ship management unit will land up with nearly 220 vessels and would create one of the world’s leading container ship managers.

“The aim is to pool strengths in a highly competitive market to further promote expansion of the ship-management business and increase the new company’s capabilities,” the two Hamburg-based firms said in a joint statement.

“The review process will take several weeks.  As soon as a decision has been reached, the groups will provide further information,” the statement further reads.

  • The potential merger of the two shipmanagement units will not have any impact on the terms of the corporate bond issued by Rickmers Holding AG and listed on the Frankfurt Stock Exchange.
  • A merger will not require modifications to be made to the forecast for financial year 2016, which was recently published by the Rickmers Group on 30 March 2016.
  • E.R. Capital Holding GmbH & Cie. KG and Rickmers Holding AG will continue to communicate transparently during the next stage of the review process.

Source: DGAP