MPC Capital (MPC) experienced the impact of the COVID-19 crisis, particularly in its container shipping business amid the halt in global trade. As a result of negative valuation and currency effects of €0.3bn, its assets under management (AUM) fell to €4.3bn at end June 2020 from €4.5bn at end 2019. The company also recognised an impairment on its co-investment portfolio in the container shipping business. Meanwhile, real estate (AUM of €1.9bn, in line with the shipping business) has been resilient so far, with investor demand fuelled by global monetary easing.
03 Sep 2020
MPC Capital - Shipping uncertain, real estate resilient
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MPC Capital - Shipping uncertain, real estate resilient
MPC Munchmeyer Petersen Capital AG (MPCK:ETR) | 0 0 1.7% | Mkt Cap: 185.6m
- Published:
03 Sep 2020 -
Author:
Milosz Papst -
Pages:
5
MPC Capital (MPC) experienced the impact of the COVID-19 crisis, particularly in its container shipping business amid the halt in global trade. As a result of negative valuation and currency effects of €0.3bn, its assets under management (AUM) fell to €4.3bn at end June 2020 from €4.5bn at end 2019. The company also recognised an impairment on its co-investment portfolio in the container shipping business. Meanwhile, real estate (AUM of €1.9bn, in line with the shipping business) has been resilient so far, with investor demand fuelled by global monetary easing.