Investor hangs on to Hapag-Lloyd share

According to Friedrich Joussen, CEO of the travel group TUI, which owns 22 percent of German container carrier Hapag-Lloyd, a potential sale of the shares will not happen before the second half of 2014, at the earliest. The reason why the group has opted not to sell its shares, as otherwise announced, is that the German carrier will be to unstable in the time before Rolf Habben-Jansen moves from Maersk-owned Damco to Hapag-Lloyd in July next year, and the share will therefore decrease in value, says Friedrich Joussen according to Bloomberg.
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Hapag-Lloyd hires Maersk's CEO of Damco
For subscribers
Hapag-Lloyd closer to IPO
For subscribers
Hapag-Lloyd raises 250 million euros
For subscribers