Rickmers Group in large-scale KG ship sale

German Rickmers Group has used its partnership with American Apollo Global Management to divest deficit-inducing ships financed by the dying KG fund companies, says Alphaliner.

The partnership established with American private equity fund Apollo Global Management in September 2013 has enabled German Rickmers Group to divest a big part of the company's loss-inducing fleet of KG financed container ships.

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