MARNA Beteiligungen AG

Capital/Financing Update • Jun 6, 2016

News Details

Ad-hoc | 6 June 2016 16:28

Marenave Schiffahrts AG: Letter of Intent of financing banks on sale of the entire fleet and release of Marenave Schiffahrts AG from liability

Marenave Schiffahrts AG / Key word(s): Letter of Intent/Banking Syndicate

06.06.2016 16:28

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Marenave Schiffahrts AG ("Marenave" or "Company") has received today in the
course of the ongoing discussions with the banks financing the
Marenave-fleet a letter of intent that remains subject to approval by the
banks' respective bodies. According to this letter of intent, the entire
Marenave-fleet shall be sold for the best possible repayment of the ship
financing loans which were granted by the banks to the single ship
subsidiaries and guaranteed by the Company. Furthermore, the banks are
willing to release the Company - under certain prerequisites - from any
liability. The release from liability is an essential requirement for the
entry of a potential investor.
The Company's Management Board will now examine the proposal in detail with
its advisors and is optimistic that the concept contemplated in the letter
of intent can be implemented.
The Management Board

06.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Marenave Schiffahrts AG
Caffamacherreihe 7
20355 Hamburg
Germany
Phone: 040 / 28 41 93 0
Fax: 040 / 28 41 93 297
E-mail: info@marenave.com
Internet: www.marenave.com
ISIN: DE000A0H1GY2
WKN: A0H1GY
Listed: Regulated Market in Hamburg; Regulated Unofficial Market in
Berlin, Munich; Open Market in Frankfurt

End of Announcement DGAP News-Service

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