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Ernst Russ AG
ISIN: DE000A161077
WKN: A16107
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Ernst Russ AG · ISIN: DE000A161077 · EQS - Company News (44 News)
Country: Germany · Primary market: Germany · EQS NID: 1229153
26 August 2021 01:52PM

Ernst Russ AG: Acquisition of a 1,300 TEU container vessel


DGAP-News: Ernst Russ AG / Key word(s): Acquisition
Ernst Russ AG: Acquisition of a 1,300 TEU container vessel

26.08.2021 / 13:52
The issuer is solely responsible for the content of this announcement.


Hamburg, 26 August 2021 - A subsidiary of Ernst Russ AG acquired a 2010 built container vessel with a total capacity of around 1,300 TEU from EF Eliza Ltd., a wholly owned subsidiary of ElbFeeder Inc.

Ernst Russ AG is holding a majority share in ElbFeeder Inc. of around 52%. The icelandic shipping company Eimskip has a stake of around 48% in the holding company.

The selling company EF Eliza Ltd. was already fully consolidated in the consolidated financial statements of Ernst Russ AG. With this transaction, the Ernst Russ Group will fully participate in the economic success of this vessel in the future.

The delivery of the ship is scheduled for September 2021. The parties have agreed not to disclose the transaction details.

About Ernst Russ Group: Ernst Russ AG is an international shipping company and maritime investment manager based in Hamburg. Parts of the company date back to 1893.

Contact:
Ernst Russ AG
Anika Hillmer
Investor Relations
Tel. +49 40 88 88 1 1800
E-Mail: ir@ernst-russ.de


26.08.2021 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Ernst Russ AG
Elbchaussee 370
22609 Hamburg
Germany
Phone: +49 (0)40 88881-0
Fax: +49 (0)40 88881-199
E-mail: ir@ernst-russ.de
Internet: www.ernst-russ.de
ISIN: DE000A161077
WKN: A16107
Listed: Regulated Unofficial Market in Frankfurt (Scale), Hamburg, Tradegate Exchange
EQS News ID: 1229153

 
End of News DGAP News Service

1229153  26.08.2021 

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This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

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