German shipping asset manager MPC Capital has completed a share sale now worth EUR 36.5m ($40.91).

It said existing investors had snapped up nearly all the new shares available, adding 2.52m to the 3.5m sold to institutional investors earlier this month.

The deal "underscored their trust in MPC Capital's corporate and growth strategy," it added.

About 90% of subscription rights were exercised in the end.

The