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Home News MPC Capital doubles shareholding in MPC Container Ships

MPC Capital doubles shareholding in MPC Container Ships

German asset and investment manager MPC Münchmeyer Petersen Capital AG (MPC Capital) has increased its shareholding in Oslo-listed MPC Container Ships ASA (MPCC) from around 7% to around 14%.

The transaction is carried out by way of increasing MPC Capital’s shareholding in MPC CSI GmbH (MPC CSI), which was established in 2017 as a joint investment vehicle for the IPO of MPCC under the leadership of MPC Capital and MPC Münchmeyer Petersen & Co. GmbH, the founder and largest shareholder of MPC Capital.

The purchase price for the acquisition of the shares from the selling shareholders of MPC CSI is approximately €34 million (US$37 million) and is based on a net price per MPCC share of NOK 13.60 (US$1.31). Following the transaction, MPC CSI will own around 17% of MPCC’s shares, of which around 14% will be held by MPC Capital.

With a fleet of 62 vessels, MPCC is one of the world’s largest owners of container ships for intraregional trades. In the 2023 financial year, the company reported operating revenues of US$711 million and earnings per share of US$0.73. The dividend yield in 2023 was 43%.

MPC Capital is increasing its earnings forecast for 2024 and now expects earnings before taxes to be slightly above the already high level of €19.3 million (US$21 million) in the 2023 financial year.





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