TUI set to sell stake in Hapag-Lloyd
German tourism company, TUI AG, is looking to sell its remaining 13.9% share of shipping line Hapag-Lloyd and is currently speaking to potential investors.
TUI is also considering the alternative possibility of divesting via the launch of an initial public offering (IPO) by Hapag-Lloyd which may happen in the second half of 2015.
TUI chairman, Klaus Mangold told the Frankfurter Allgemeine Sonntagszeitung that the company would either choose a sale or a flotation, ” whichever comes first at a decent price”.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.
Related Posts
Other News
Container Management (cm) has been published for more than 30 years serving the port, terminal, intermodal and container handling equipment industries worldwide.
