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Monthly Archives: July 2016

UASC and Hapag-Lloyd’s merger progresses

On June 30, Hapag Lloyd’s share price rose by €1.28 (US$1.41) from June 28

The merger between UASC and Hapag-Lloyd has become more certain after UASC’s shareholding states and Hapag Lloyd’s board both backed the merger. On June 28, Hapag-Lloyd’s approved the deal and the next day UASC’s six shareholding states voted unanimously to approve the proposed merger. The deal gives a relative valuation of the two businesses at 72% for Hapag-Lloyd and 28% ... Read More »