FRANKFURT, Dec 18 (Reuters) – The chief executive of TUI AG , a shareholder in German shipper Hapag-Lloyd , said he viewed as positive the talks between the shipper and Chilean rival Compania Sud Americana de Vapores , although TUI would not give up its right to float its remaining stake.
“We want to exit, but we are not under time pressure,” Friedrich Joussen told journalists on Wednesday after TUI AG reported results.
“We will not give up our right to an IPO. A partner is very welcome, but we are waiting to see what happens.”
Vapores and Hapag-Lloyd announced they were in merger talks earlier this month. TUI has long wanted to exit Hapag-Lloyd, in which it still holds a 22 percent stake, because it says the business has no strategic relevance for its travel operations.
(c) 2013 Thomson Reuters, All Rights Reserved
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,873 members that receive our newsletter.
Have a news tip? Let us know.
DUBAI, April 25 (Reuters) – Yemen’s Houthis said they targeted the MSC Darwin ship in the Gulf of Aden on Thursday, as the Iran-aligned group resumed attacks on commercial ships in the Red Sea...
(Bloomberg) — Damage to an undersea cable off the African coast is exacerbating disruptions of internet services to the continent, impacting customers on the islands of Mauritius and La Reunion. Efforts to...
SINGAPORE, April 24 (Reuters) – Demand for liquefied natural gas (LNG) to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet, industry executives said....
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,873 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
