It could reduce the ownership stake in the company by its chairman from 100 per cent to 24.9 per cent, the company said.
Bertram RC Rickmers, the chairman and founder of Rickmers Group, is prepared to reduce his stake in Rickmers Holding in order to enable key creditors (such as HSH Nordbank), the bondholders and possibly one further bank, to acquire a total stake of 75.1 per cent in Rickmers Holding AG as part of the restructuring plan.