DGAP-Adhoc
Consolidation in the breakbulk and project cargo sector - Rickmers Group sells business operations of Rickmers-Linie to ZEABORN
DGAP-Ad-hoc: Rickmers Holding AG / Key word(s): Disposal
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, OR INTO, THE UNITED |
February 9, 2017
Disclosure of inside information
according to Article 17 Market Abuse Directive
Consolidation in the breakbulk and project cargo sector
Rickmers Group sells business operations of Rickmers-Linie to ZEABORN
Rickmers-Linie GmbH & Cie. KG and MCC Marine Consulting & Contracting GmbH
& Cie. KG, which are both fully-owned by Rickmers Holding AG, reached
agreement as Sellers on February 7, 2017 with ZEABORN Chartering GmbH &
Co. KG as Purchaser regarding their respective operating businesses. The
execution of the transaction was subject to the approval of the financing
banks of the Rickmers Group and remains subject to anti-trust authorities.
The planned sale involves the entire operating business of Rickmers-Linie
GmbH & Cie. KG as shipping line and the entire operating business of MCC
Marine Consulting & Contracting GmbH & Cie. KG, which focuses on bunker
purchasing and chartering brokerage for the segment. The transaction also
covers the employees, assets, subsidiaries and branch offices of RickmersLinie
GmbH & Cie. KG and current commercial contracts. NPC Projects A/S,
acquired in July 2016 by Rickmers-Linie GmbH & Cie. KG, is also included in
this transaction. The Purchaser is to acquire the right to use the brand
names 'Rickmers-Linie' and 'Rickmers-Line', however only within the scope
of activity of the business to be acquired. On closing the planned
transaction the Sellers are to pay compensation in the single-digit
million-euro range. The parties have agreed to maintain confidentiality
regarding details of the acquisition-price calculation.