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Rickmers preparing for decisive investor meeting

Rickmers Group has completed an internal sale of a share stake in Rickmers Trust Management ahead of decisive showdown with bondholders.
by OLE ANDERSEN

In an internal trade, Germany's Rickmers Group has sold its entire stake in Rickmers Trust Management, the fund manager of Singapore-based container company Rickmers Maritime, a company which owns 16 container vessels and is facing a possible default unless it is able to reach and agreement with the Rickmers Maritime bondholders.

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