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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.

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.

The owners were recently forced to reduce the share price to EUR 20 to EUR 22, which amounted to a 55 percent reduction in Hapag-Lloyd's existing shares. The four owners, namely Chilean CSV, the municipality of Hamburg , Kühne Maritime and travel group TUI will thus see a sharp depreciation of their investment in Hapag-Lloyd, notes Alphaliner.

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