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Major shareholder working to divest Hapag-Lloyd stake

British travel group TUI is apparently not going to wait for a potential IPO of the German container carrier, and the group is currently negotiating with investors concerning a major stake.

One of Hapag-Lloyd's biggest shareholders, travel group TUI, is negotiating with investors concerning a sale of the group's stake in the German container carrier, reports Frankfurter Allgemeine Sonntagszeitung according to Reuters.

TUI, whose ownership includes Norwegian shipowner John Fredriksen, has for a long time been looking to exit its investment in Hapag-Lloyd, which has acquired South American CSAV and will thus, from the beginning of next year, become the 4th largest container carrier in the world.

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