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Hapag-Lloyd chooses banks for IPO

The container carrier Hapag-Lloyd has now chosen the banks which are to help the company generate billions on the stock exchange.

Photo: Hapag-Lloyd

The decision landed on a trio of the major banks Deutsche Bank, Behrenberg and Goldman Sachs, which are to help the German container carrier Hapag-Lloyd in generating about USD 5.5 billion on the stock exchange, Reuters writes, based on information from two anonymous sources.

A few years ago, Hapag-Lloyd was in the midst of merger negotiations with another major German carrier Hamburg Süd, but these negotiations were abandoned due to the involvement of major shareholders in the process.

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