HCI Capital is set to take over rival Konig & Cie in a move that foreshadows joint expansion.

HCI has agreed to buy an 80% slice of Konig, with existing US investors Tennenbaum Capital Partners and Delos Shipping cashing out.

Ingo Kuhlmann of HCI said in a statement: “Over the past two years, we have put HCI on stable footing.

“Now we are able to resume the pursuit of attractive investments and to play an active role in the realignment of the markets, even in a challenging environment.”

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