Hapag-Lloyd has allegedly moved one step closer to an IPO. Specifically, the company has found more advisors to facilitate its initial public offering in the form of the three banks Credit Suisse, Citi and HSBC, who will assist the three existing advisors Deutsche Bank, Goldman Sachs and Berenberg.

According to Reuters, Hapag-Lloyd refused to comment on the new information about the IPO, which is expected to take place in the fall. However a source tells Reuters that Hapag-Lloyd will probably seek a listing on the stock exchange later this month.