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Marenave Schiffahrts AG (M5SG.BE)

M5SG.BE on Berlin Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ernst Russ increases stake in Marenave Schiffahrts to 29.98 pct
Monday, 28 Aug 2017 09:16am EDT 

Aug 28 (Reuters) - ERNST RUSS AG ::INCREASES STAKE IN MARENAVE SCHIFFAHRTS AG FROM 25.02 PERCENT TO 29.98 PERCENT.  Full Article

Marenave Schiffahrts: conclusion of definitive agreements for release of Marenave from liability
Monday, 3 Apr 2017 02:14am EDT 

Marenave Schiffahrts AG :Said on Friday had laid down the definitive contractual basis for a full release of the company's financial liabilities by entering into an agreement on restructuring and release of liability and a waiver and liquidation agreement with the majority of the Marenave fleet's financing banks.  Full Article

Marenave Schiffahrts: negotiations on agreements on restructuring continued
Wednesday, 1 Mar 2017 01:59am EST 

Marenave Schiffahrts AG : Said on Tuesday renewed extension of statements of financing banks not to seriously demand payment in light of pending restructuring negotiations .Negotiations on agreements on the restructuring and release of liability between the Company and financing banks are being continued.  Full Article

Marenave Schiffahrts: negotiations on agreements on restructuring continued
Tuesday, 28 Feb 2017 03:05pm EST 

Marenave Schiffahrts AG : Said on Tuesday renewed extension of statements of financing banks not to seriously demand payment in light of pending restructuring negotiations .Negotiations on agreements on the restructuring and release of liability between the Company and financing banks are being continued.  Full Article

Marenave Schiffahrts: investment agreement with Offen Group and DEVK
Tuesday, 21 Feb 2017 01:24am EST 

Marenave Schiffahrts AG : Said on Monday had concluded investment agreement with Offen Group and DEVK . Ongoing negotiations on agreement on restructuring and release of liability . Investment agreement provides for an obligation of the Investors to provide an initial financing for and to invest in the Company the minimum amount of in total 2 million euros ($2.12 million) to be effected by way of capital measures and to conduct negotiations about a further financing and investment - depending on the further course of the project - in the order of 14 million euros . This obligation is subject to conditions precedent, in particular that the banks financing the Marenave-fleet release the Company from its liabilities incurred for the benefit of the banks . In the course of the release from liabilities it is envisaged to sell off the Marenave-fleet .Negotiations with the financing banks on an agreement on the restructuring and release of liability are being continued.  Full Article

Marenave Schiffahrts: investment agreement with Offen Group and DEVK
Monday, 20 Feb 2017 02:28pm EST 

Marenave Schiffahrts AG : Said on Monday had concluded investment agreement with Offen Group and DEVK . Ongoing negotiations on agreement on restructuring and release of liability . Investment agreement provides for an obligation of the Investors to provide an initial financing for and to invest in the Company the minimum amount of in total 2 million euros ($2.12 million) to be effected by way of capital measures and to conduct negotiations about a further financing and investment - depending on the further course of the project - in the order of 14 million euros . This obligation is subject to conditions precedent, in particular that the banks financing the Marenave-fleet release the Company from its liabilities incurred for the benefit of the banks . In the course of the release from liabilities it is envisaged to sell off the Marenave-fleet .Negotiations with the financing banks on an agreement on the restructuring and release of liability are being continued.  Full Article

Marenave Schiffahrts: renewed extension of banks statements not to seriously demand payment in light of pending restructuring negotiations
Friday, 27 Jan 2017 01:17am EST 

Marenave Schiffahrts AG : Announced on Thursday that renewed extension of statements of financing banks not to seriously demand payment in light of pending restructuring negotiations .Said the negotiations on agreements on the restructuring and release of liability between the Company and the financing banks are being continued.  Full Article

Marenave Schiffahrts: renewed extension of banks statements not to seriously demand payment in light of pending restructuring negotiations
Thursday, 26 Jan 2017 03:57pm EST 

Marenave Schiffahrts AG : Announced on Thursday that renewed extension of statements of financing banks not to seriously demand payment in light of pending restructuring negotiations .Said the negotiations on agreements on the restructuring and release of liability between the Company and the financing banks are being continued.  Full Article

Marenave Schiffahrts: restoration of positive going concern forecast
Friday, 25 Nov 2016 02:13am EST 

Marenave Schiffahrts AG : Said on Thursday after careful examination the management board had concluded that the positive going concern forecast is restored for the company and that all single ship companies are solvent . Resumption of restructuring negotiations .Probably until Dec. 9 inter alia a paper with key issues for a restructuring agreement between the company and some of the financing banks shall be concluded.  Full Article

Marenave Schiffahrts: restoration of positive going concern forecast
Thursday, 24 Nov 2016 05:37pm EST 

Marenave Schiffahrts AG : Said on Thursday after careful examination the management board had concluded that the positive going concern forecast is restored for the company and that all single ship companies are solvent . Resumption of restructuring negotiations .Probably until Dec. 9 inter alia a paper with key issues for a restructuring agreement between the company and some of the financing banks shall be concluded.  Full Article

BRIEF-Ernst Russ increases stake in Marenave Schiffahrts to 29.98 pct

* INCREASES STAKE IN MARENAVE SCHIFFAHRTS AG FROM 25.02 PERCENT TO 29.98 PERCENT Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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