Hapag-Lloyd's Chief Financial Officer Peter Ganz told the group's Supervisory Board today that he would be stepping down from his post and leaving the company effective April 1. Peter Ganz has held the position since he joined the company in 2009 from TUI AG. His resignation comes following the completion of Hapag-Lloyd's recent merger with Chilean shipping company CSAV … [Read more...]
Hapag-Lloyd IPO Will Be Attractive After Turnaround, CEO Says
Nicholas Brautlecht (Bloomberg) -- Hapag-Lloyd AG, Germany’s biggest container shipping line, will be an attractive investment once results improve and costs are reduced, Chief Executive Officer Rolf Habben Jansen said. The Hamburg-based company, which doesn’t expect a return to profit before 2016, is unlikely to stage an initial public offering before November as it … [Read more...]
Hapag-Lloyd CEO: IPO Not a Priority After Merger
HAMBURG, Dec 3 (Reuters) - German container shipping group Hapag-Lloyd, which is merging with Chile's Compania SudAmericana de Vapores, is in no rush to list its share on the stock exchange, its chief executive said on Wednesday. "A stock market flotation is currently not top priority for us," Rolf Habben Jansen said, adding the company would first focus on integrating … [Read more...]
Done Deal: Hapag-Lloyd and CSAV Complete Merger, Become World’s Fourth Largest Liner Shipping Company
Hapag-Lloyd and the Chile's Compañía Sud Americana de Vapores (CSAV) have completed their long-awaited merger, officially creating the world's fourth largest container shipping company. The corresponding contracts for the merger of the two companies were signed back in April in Hamburg and with the approval from all relevant global regulatory authorities, all conditions for … [Read more...]
Regulators Clear Way for Merger of Hapag-Lloyd and CSAV
Update: Hapag Lloyd and CSAV Complete Merger FRANKFURT, Dec 2 (Reuters) - Germany's Hapag-Lloyd said on Tuesday it had received the last outstanding regulatory approvals for its planned merger with Chilean shipper Compania SudAmericana de Vapores, clearing the way for the two companies to be formally combined. The merger, which will create the world's No. 4 … [Read more...]
Hapag-Lloyd Merger With CSAV Wins Conditional EU Approval
BRUSSELS, Sept 11 (Reuters) - Hapag-Lloyd and Compania SudAmericana de Vapores secured conditional European Union approval on Thursday for their tie-up to create the world's fourth-largest container shipping company. The merger is important for the shipping industry which hopes more deals could help it to overcome the worst slump on record. And if regulators take a soft line … [Read more...]
Hapag-Lloyd, CSAV Merger to Win Conditional EU Approval -Sources
By Foo Yun Chee BRUSSELS, Sept 5 (Reuters) - Hapag-Lloyd and Compania SudAmericana de Vapores will win conditional European Union approval for their merger that will create the world's fourth-largest container shipping company, two people familiar with the matter said. The tie-up is important for the shipping industry where consolidation could help it to overcome the … [Read more...]