MPC Capital - Shipping uncertain, real estate resilient
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.MPC - Muenchmeyer Petersen Capital AG. MPC Muenchmeyer Petersen Capital AG (MPC Capital) is a German-based holding company engaged in wealth and asset management. The Company develops and markets yield-oriented, tax-optimized investments for private and institutional investors. The Company operates in the following business segments: ship investments, real estate, energy, and other investments (insurance products, umbrella funds, investment funds and private equity). It has such subsidiaries as Ahrenkiel Steamship and DSC Deutsche SachCapital GmbH, among others. The Company has a number of subsidiaries in Germany, Austria, Spain, Liechtenstein, Switzerland and the Netherlands, among others.
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