Two members of the prominent German Dohle shipping family have become investors in London-listed broker Braemar.
A filing reveals that a Hamburg-based company called Minna Invest acquired a 3.01% stake on 2 May.
With Braemar’s market cap at £92m ($116m), the holding is worth £2.8m ($3.5m).
Information from North Data shows Minna Invest is registered at the same address as boxship and bulker owner Peter Dohle Schiffahrts, run by principal and managing partner Jochen Dohle.
His sons, Jan and Jost, are listed as Minna shareholders.
The investment company was set up in 2021 and the two executives were managing directors from 2022 until 2023, when Heinrich von Luckner, head of corporate investments at Peter Dohle, took over.
Jan Dohle joined the management board at Peter Dohle on 1 January, while Jost works in corporate development.
They are the grandsons of founder Peter Dohle.
VesselsValue lists the Dohle fleet of 58 vessels as worth $1.35bn.
Minna has €1.2m in corporate investments and nearly €4m invested in partnerships, accounts showed.
The Braemar share was up a fraction at £2.79 in early trading in London on Tuesday.
The James Gundy-led shipbroker and Peter Dohle have been contacted for comment.
Cash boost for investors
Braemar handed out more cash to investors after what it called a “strong performance” in the year to 29 February.
The company said in a trading update it had “achieved another strong performance, with revenue and underlying operating profit in line with market expectations”.
Operating earnings are expected to be at least £18m, compared with £20m in the previous year.
Revenue has been forecast at upwards of £150m, against £153m a year earlier.
The group has maintained a positive cash position of £1m.
In 2021, Oslo-based MH Capital, a Norwegian fund controlled by former 2020 Bulkers chief executive Magnus Halvorsen, took a 3.52% stake in Braemar.
