17.03.2017
Hapag-Lloyd AG DE000HLAG475
DGAP-News: Hapag-Lloyd AG: Hapag-Lloyd AG and UASC shift Long-Stop Date under Business Combination Agreement
DGAP-News: Hapag-Lloyd AG / Key word(s): Merger
Hapag-Lloyd AG: Hapag-Lloyd AG and UASC shift Long-Stop Date under Business
Combination Agreement
17.03.2017 / 13:43
The issuer is solely responsible for the content of this announcement.
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Hamburg, 17 March 2017
Hapag-Lloyd AG and UASC shift Long-Stop Date under Business Combination
Agreement
Final preparations on track for closing during next weeks / Transaction not
at risk / Start of THE Alliance not affected
Hapag-Lloyd and UASC have mutually agreed to shift the Long-Stop Date under
the Business Combination Agreement (BCA) until 31 May 2017 and have amended
the BCA accordingly. The merger companies had originally envisaged to close
the transaction by 31 March 2017 but now expect closing to take place in the
weeks thereafter. All merger clearances and authority approvals as well as
all necessary banking approvals from Hapag-Lloyd AG's side and substantially
all banking approvals from UASC's side have been obtained and the merger
parties are arranging the final documentation for a closing of the business
combination. The final preparations for the closing take more time than
expected. The transaction itself is not at any risk.
Irrespective of the actual closing date THE Alliance will start its
operation as of 1 April 2017 including all vessels as planned. The first
time consolidation of UASC into Hapag-Lloyd will take place as of closing.
About Hapag-Lloyd
With a fleet of 166 modern container ships and a total transport capacity of
963,000 TEU, Hapag-Lloyd is one of the world's leading liner shipping
companies. The Company has around 9,400 employees at 366 sites in 121
countries. Hapag-Lloyd has a container capacity of 1.6 million TEU -
including one of the largest and most modern fleets of reefer containers. A
total of 128 liner services worldwide ensure fast, reliable connections
between all the continents. Hapag-Lloyd is one of the leading operators in
the Transatlantic, Latin America and Intra-America trades.
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17.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Germany
Phone: +49 (0) 40 3001 - 2896
Fax: +49 (0) 40 3001 - 72896
E-mail: [email protected]
Internet: www.hapag-lloyd.com
ISIN: DE000HLAG475, USD33048AA36
WKN: HLAG47, A1E8QB
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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555163 17.03.2017
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