Hapag-Lloyd owners could face financial beating

The four largest shareholders in Hapag-Lloyd will pay a high price for an IPO during a critical time in the container industry, say Hapag-Lloyd.
BY OLE ANDERSEN

Friday November 6 will see German carrier Hapag-Lloyd's shares launch public trading on the stock exchange, but the much-debated IPO of the world's fifth largest container shipping company takes place in the shadow of the worst industry crisis in years. According to research firm Alphaliner, it will cost the company's four largest shareholders significant economic losses.

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