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TUI: Hapag-Lloyd IPO in 2015

The merger between Hapag-Lloyd and Chilean CSAV pulls the carrier closer to an IPO, and major shareholder TUI can now reveal that a binding agreement has been reached for 2015.

Photo: Hapag-Lloyd

2015 will be the year Hapag-Lloyd becomes listed on the stock exchange, says the carrier's second largest shareholder - the German travel group TUI, which owns 22 percent of the shares in Hapag-LLoyd - in relation to an interim report.

The group has long been looking to exit container shipping and has several times voiced a desire to sell its stake in the carrier once the freight market is back on its feet, and now with a final merger agreement settled between Hapag-Lloyd and CSAV, the right time for such an exit from container shipping seems to be approaching, says the company.

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