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Indiaexportnews.com

TUI, Albert Ballin examine options for a sale of Hapag-Lloyd stakes

  09.12.2010    

The travel group TUI and the consortium Hamburgische Seefahrtsbeteiligung Albert Ballin jointly examine options for a sale of stakes in the German container shipping company Hapag-Lloyd and have assigned the investment banks Credit Suisse, Goldman Sachs and Greenhill with preparations for an IPO. At the same time, the search for strategic investors is to be continued. The stake TUI owns in Hapag-Lloyd is estimated to be worth about EUR 2bn (USD 2.65bn), Logistics Finland reports.



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