Wilhelmsen Ship Management Singapore Pte Ltd agreed to acquire 50% stake in Ahrenkiel Steamship GmbH & Co. KG from MPC Münchmeyer Petersen Capital AG (XTRA:MPCK) on July 21, 2020. In the future, the joint venture will operate under the brand “Wilhelmsen Ahrenkiel Ship Management”. The Managing Director of the joint venture will be Michael Silies who has been heading up Ahrenkiel Steamship and will be supported by Jan-Eric Panitzki, who will continue to oversee the operational part of the business. The company will continue to operate out of Hamburg and Rhoon, while supported by Wilhelmsen’s global network. The closing of the transaction is still subject to approval by the relevant antitrust authorities. The transaction is expected to complete in third quarter of 2020. Jan Graf von Spee, Christian von Lenthe, Arne Burmester, Patrick Lühr, Jan Wölper, Jenny Buchner, Markus Schöner, Jürgen Siemers, Birgit Wagner, Tagrid Chahrour, Anke Clippingdale, Conrad Gräwe of CMS Germany, Roman Tarlavski, Paulus van den Bos, Isabelle van den Hoogen, Lisanne van den Velden, Nigel Henssen, Barbara Veldmaat of CMS Netherlands acted as legal advisors for Wilhelmsen Ship Management Singapore Pte Ltd.