Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Merger on! NOL and Hapag Lloyd parent company appoint advisors

Merger on! NOL and Hapag Lloyd parent company appoint advisors

Singapore: Neptune Orient Lines and Germany's TUI AG appear likely to pursue a merger in light of the fact that they have appointed J.P. Morgan Chase & Co. and Deutsche Bank AG, respectively, to advise them on a potential tie-up, reports the Asian Wall Street Journal. If successful, the tie up would produce one of the world's largest container-shipping enterprises and would be a dominant player in the container transportation market.

According to the newspaper, a source has identified a share swap that would make NOL part of Hapag Lloyd as an option for a tie-up, with NOL parent company Temasek Holdings taking a stake in Hapag Lloyd parent company TUI. Temasek currently owns 69% of Neptune.

According to the report, another possibility is a direct merger of Neptune and Hapag-Lloyd.  NOL has declined to directly comment on the possible merger.  [13/02/08]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish
Maritime_Market_User_Promo_4
Looking For Suppliers?

Maritime Market is the online marketplace for the global maritime industry, making it easy to connect with suppliers 365 days a year. Powered by an extensive database of maritime professionals and businesses.

Maritime_Market_User_Promo_4