Hapag IPO in 2015

German container line Hapag-Lloyd will carry out its long-mooted IPO next year.
Hapag's Colombo Express

Hapag's Colombo Express

Shareholder TUI revealed there is a binding agreement among its shareholders on a 2015 listing as part of the merger of Hapag with Chile’s CSAV.

TUI said its final exit from container shipping was drawing closer as a result

It added: “In the event of an IPO, TUI will benefit from priority placement of its shares over all other shareholders.

“Moreover, TUI will also be entitled in the run-up to the IPO to sell its shares in the form of a private placement or to sell them to individual investors.” 

The cruiseship and tourism outfit has been looking to exit Hapag-Lloyd for years.

The container line is currently controlled by the Albert Ballin consortium, including logistics billionaire Klaus-Michael Kuhne and the city of Hamburg, with Tui having 22%.

CSAV will end up with a 34% stake in the new combined company.

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