M&A Activity • Sep 26, 2013
M&A Activity
Open in ViewerOpens in native device viewer
News Details
Corporate | 26 September 2013 15:10
HMS Bergbau AG enters into cooperation with FCC – Franke Coal & Coke
HMS Bergbau AG / Key word(s): Miscellaneous
26.09.2013 / 15:10
Corporate News dated 26 September 2013
HMS Bergbau AG enters into cooperation with FCC – Franke Coal & Coke Trading GmbH
– Joint expansion of market shares in the European coal trading sector
– Concentration of expertise in a new company
– HMS Bergbau AG holds 51 percent of the shares in HMS Coal & Coke Trading GmbH
Berlin/Germany, 26 September 2013: HMS Bergbau AG, an international coal trading company with operative expertise in the extraction, handling and trading of coal, announces cooperation with FCC – Franke Coal & Coke Trading GmbH.
In the context of this cooperation, HMS Bergbau AG acquired 51 percent of the shares in a Franke family company. The remaining 49 percent of the shares are held by the Franke family. The company, which will operate in the future under the name HMS Coal & Coke Trading GmbH, will pool the expertise of both shareholders. The objective of the cooperation is the joint expansion of market shares in the European coal trading sector. Each party will provide one managing director. HMS Bergbau AG will contribute its many years of experience on the German coal market and various options for financing coal trading transactions, while the team at FCC Franke will provide its developed network of contacts and businesses in the European coal market as well as diverse new business ideas. The contract parties have agreed not to disclose any further contractual information.
The Management Board
About HMS Bergbau AG:
Berlin-based HMS Bergbau AG is an independent coal trading house specializing in just-in-time deliveries of thermal coal to power plants and other industrial consumers. The company is one of the leading coal trading companies in Germany and markets its products to renowned consumers worldwide. HMS is actively expanding its activities to span coal trading and logistics solutions primarily in Asia and Africa. HMS has been listed at Germany’s Frankfurt Stock Exchange since December 2008.
Company contact:
HMS Bergbau AG
An der Wuhlheide 232
12459 Berlin
T.: +49 (30) 65 66 81-0
F: +49 (30) 65 66 81-15
Email: [email protected]
URL: www.hms-ag.com
HMS Investor Relations contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
60329 Frankfurt am Main
T.: +49 (69) 74 30 37-00
F.: +49 (69) 74 30 37-22
Email: [email protected]
End of Corporate News
26.09.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | HMS Bergbau AG |
| An der Wuhlheide 232 | |
| 12459 Berlin | |
| Germany | |
| Phone: | 030 65 66 81-0 |
| Fax: | 030 65 66 81-15 |
| E-mail: | [email protected] |
| Internet: | www.hms-ag.com |
| ISIN: | DE0006061104 |
| WKN: | 606110 |
| Listed: | Freiverkehr in Berlin, Düsseldorf; Frankfurt in Open Market (Entry Standard) |
| End of News | DGAP News-Service |
| - - - |
| 232154 26.09.2013 |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.