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    HXCK   DE000A161077

ERNST RUSS AG

(HXCK)
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PRESS RELEASE : Ernst Russ AG: Acquisition of a 1,300 TEU container vessel

08/26/2021 | 07:53am EST

DGAP-News: Ernst Russ AG / Key word(s): Acquisition Ernst Russ AG: Acquisition of a 1,300 TEU container vessel 2021-08-26 / 13:52 The issuer is solely responsible for the content of this announcement.

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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

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2021-08-26 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

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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 2021-08-26

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1229153&application_name=news

(END) Dow Jones Newswires

August 26, 2021 07:52 ET (11:52 GMT)

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Thomas Deutsch Finance Head
Alexander Stuhlmann Chairman-Supervisory Board
Jochen Thomas D÷hle Member-Supervisory Board
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