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Rescue plan for German KG ships fails first try

The first stage of the plans at Hamburg-based Lloyd Fonds to put all efforts into shipping was to start with transferring 11 ships and their operations from KG companies to Lloyd Fonds. This effort was unsuccessful.

CEO of Lloyd Fonds Torsten Teichert.

Only successful with one eleventh of the project. This is one way to describe the result of the plans at German investment company Lloyd Fonds to convert 11 ships from KG companies to Lloyd Fonds' portfolio.

According to a press release from the company, support was only obtained from the investors behind one of the KG ships for trading shares in the ships for shares in Lloyd Fonds.

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