DGAP-News 411 0 Kommentare Rickmers Holding AG and E.R. Capital will not pursue the merger of their ship management divisions any further

DGAP-News: Rickmers Holding AG / Key word(s): Miscellaneous
Rickmers Holding AG and E.R. Capital will not pursue the merger of their
ship management divisions any further

26.08.2016 / 15:00
The issuer is solely responsible for the content of this announcement.

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Rickmers Holding AG and E.R. Capital will not pursue the merger of their
ship management divisions any further

Hamburg, 26 August 2016

Following an intensive review, Rickmers Holding AG and E.R. Capital Holding
have jointly decided not to pursue the merger of their ship management
activities for the time being. For many years the companies have worked
together successfully in ship insurance and ship brokerage. These
partnerships are to be intensified and extended to other ship management
activities. Both companies keep the content of the merger discussions in
confidence.

Rickmers Holding AG will continue to pursue its strategy, particularly in
respect of expanding the fleet under third-party management. Additionally,
processes are to be optimised, structures streamlined and profitability
increased. Ignace Van Meenen, CEO of the Rickmers Group, explained the
objective: "We aim to continue establishing and expanding customer
relationships in an ongoing and focused way. Currently, we have no plans to
merge with other companies. However, if 'strategic options' arise, we will
give careful consideration to them."

About the Rickmers Group

The Rickmers Group is an international service provider in the maritime
transport sector and a containership owner with a global blue chip customer
base. It is represented in its main offices in Hamburg and Singapore, in
eleven countries and more than 50 sales agencies worldwide. The Group's
business activities are divided into three segments: Maritime Assets,
Maritime Services and Rickmers-Linie.

In the Maritime Assets segment the Rickmers Group is active as Asset
Manager for its own vessels and also for those of third parties. The Group
initiates and coordinates shipping projects, organises financing and
acquires, charters and sells ships. In the Maritime Services business
segment the Rickmers Group provides shipmanagement services for its own
vessels as well as for those owned by third parties; these services
comprise technical and operational management, crewing, newbuild
supervision, consultancy and insurance-related services. In the Rickmers-
Linie business segment the Rickmers Group operates as a shipping line for
breakbulk, heavy lift and project cargo, and additionally offers individual
voyages.

Press inquiries:

Kirchhoff Consult AG
Jens Hecht
T: +49 (0)40 60 91 86 0
F: +49 (0)40 60 91 86 60
E: jens.hecht@kirchhoff.de

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26.08.2016 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: Rickmers Holding AG
Neumühlen 19
22763 Hamburg
Germany
Phone: +49 40 389177 0
Fax: +49 40 389177 500
E-mail: info@rickmers.com
Internet: www.rickmers.com
ISIN: DE000A1TNA39
WKN: A1TNA3
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange;
Open Market in Frankfurt (Prime Standard for Corporate
Bonds)

End of News DGAP News Service
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496311 26.08.2016