Brief: Wilhelmsen, MPC Capital Join Forces In Container Segment

Wilh Wilhelmsen Holding ASA

21/07/2020 07:42

July 21 (Reuters) - Wilh Wilhelmsen Holding ASA  WWI.OL :
    * WILHELMSEN AND MPC CAPITAL JOIN FORCES IN TECHNICAL SHIP MANAGEMENT IN THE
    * WILHELMSEN SHIP MANAGEMENT  ACQUIRED A 50% STAKE IN GERMAN BASED AHRENKIEL STEAMSHIP
    * CLOSING OF TRANSACTION IS SUBJECT TO APPROVAL BY RELEVANT ANTITRUST AUTHORITIES, WHICH IS
EXPECTED WITHIN Q3 OF 2020
    * WILHELMSEN SHIP MANAGEMENT PROVIDES FULL TECHNICAL MANAGEMENT, CREWING AND RELATED
SERVICES FOR
ALL MAJOR VESSEL TYPES
    * BOTH PARTIES HAVE AGREED TO COMBINE THEIR TECHNICAL MANAGEMENT ACTIVITIES OF CONTAINER
SHIPS IN
JOINT VENTURE.
    * JOINT VENTURE WILL OPERATE UNDER BRAND "WILHELMSEN AHRENKIEL SHIP MANAGEMENT"
    * COMPANY WILL CONTINUE TO OPERATE IN HAMBURG, GERMANY AND NOW SUPPORTED BY WILHELMSEN'S
GLOBAL
NETWORK.
    * NEW COMPANY WILL MANAGE A FLEET OF CURRENTLY 72 CONTAINER SHIPS

Source text for Eikon:  ID:nObiKHlCCa 
Further company coverage:  WWI.OL 

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