The German investment firm earlier this year acquired a majority shareholding in the König & Cie, with a goal to expand its managed fleet and maritime services.
Founded in 1893, Ernst Russ GmbH & Co. is one of the oldest shipping companies in Hamburg. The company manages a fleet of seven container and four roll-on/roll-off vessels and has investments in a number of companies, including shipyard agency CombiTrade and Ernst Russ Shipbroker GmbH & Co.
With this acquisition, HCI will now have more than 40 ships under direct management and over 180 fund vessels managed by other shipping partners.
The acquisition of Ernst Russ GmbH & Co. is taking place by means of a capital contribution in kind, which will increase the share capital of HCI Capital by just over 6.2 million euros to about 32.4 million euros.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now