The German container line plans to list on the Frankfurt and Hamburg stock exchanges.
It plans to raise at total of $500m by selling $400m worth of shares to the public and institutions with major shareholders Kühne Maritime and Compañía Sud Americana de Vapores (CSAV) subscribing to $50m worth in shares each.
CSAV owns 34% of Hapag-Lloyd following a merger of its container shipping activities with the German line.
Hapag-Lloyd said the proceeds from the offering would be used “for further investments in ships and containers to further strengthen its capital structure, long-term growth and profitability”.
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