Oltmann makes KG return
A decade since it last dabbled in the KG markets, Germany’s Oltmann Group has launched a new investment scheme to invest in a new MPP ship for Leer-based Briese Schiffharts.
Oltmann is seeking investments of up to EUR8.7m with a minimun participation of EUR20,000 and claims the investments will deliver after-tax returns of 8.2%.
The ship in question is the second in a series of four being built in China, which Oltmann claims use 30% less fuel than other similarly sized MPPs.
Oltmann, founded in 1986, was one of the big names in German ship finance through to the global financial crisis 10 years ago, involved in some EUR3bn of ship deals to date.
KG funds took a severe battering with the onset of the financial crisis. At their peak they accounted for the financing of more than a quarter of the global orderbook 11 years ago.