A consortium including Zeaborn Group and ship owner Bertram Rickmers has signed a purchase agreement to rescue Rickmers Group’s global ship management activities.
The business was previously facing insolvency following the failure of restructuring discussions with lender HSH Nordbank. The bidding consortium aims to expand the ship management activities, expanding activity at its main sites in Hamburg, Singapore and Cyprus investing in further growth.
“The creditors’ committee of Rickmers Holding AG has already approved the transaction. Completion of the transaction is subject to approval by the Federal Cartel Office. A purchase price in the double-digit millions was agreed between the parties. As part of an overall solution, it is intended that the consortium also takes over the remaining business units of the Rickmers Group via an insolvency plan,” Rickmers Holding said in a statement.
German shipping firm Zeaborn recently acquired control of the Rickmer-Linie division, one of the largest breakbulk handlers worldwide.
Photo: Rickmers Dalian. Credit: Rickmers Group