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Hapag-Lloyd set for $500m IPOHapag-Lloyd set for $500m IPO

Hapag-Lloyd is moving ahead with plans for a $500m IPO before the end of the year.

Marcus Hand, Editor

September 28, 2015

1 Min Read
Kalyakan - stock.adobe.com

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”.

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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