HSH Nordbank Looking to Sell All Shares in FSL Trust

first_imgGodan GmbH, the controlling unitholder of First Ship Lease Trust (FSL Trust), is in discussions with investors for a potential sale of all of its shares in FSL Holdings, the sponsor of the trust.FSL Holdings, through FSL Asset Management, owns all of the shares of the trustee-manager.The sale by Godan, a subsidiary of HSH Nordbank AG, would result in the change of the beneficial ownership of the sponsor and the trustee-manager.“The trustee-manager views this as a positive development for the trust and anticipates that with a long-term strategic investor controlling the sponsor, prospects for a refinancing and/or extension of the trust’s indebtedness should be greatly improved,” FSL Trust Management said.The manager added that there “is no certainty or assurance as at the date of this announcement that Godan will enter into any definitive agreements for the sale of FSL Holdings.”last_img read more

Bread gift for hungry kids

first_imgNZ Herald 5 Feb 2013Close to half of Kiwi kids sent hungry to school will soon be receiving free food, a children’s charity says.KidsCan Charitable Trust will soon be providing free food to about 7000 needy children a day – 2500 more than are fed now.The increase comes after supporter Tip Top announced last night that it would increase its donation from 30,000 loaves to about 100,000 a year.The KidsCan Food for Kids scheme is run in 276 low-decile primary and intermediate schools.Children who are identified as needy get three food items a day from a list including toast, baked beans and fruit.Raincoats, shoes and socks are also provided.KidsCan founder Julie Chapman said the goal was to feed all children in decile one to four primary and intermediate schools that need food – up to 17,000 children a day, or a cost of around $4.5 million a year.The Government has said it is open to considering a national food strategy for low-decile schools as proposed by experts appointed by Children’s Commissioner Russell Wills.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10863464last_img read more