21.04.2016
Hapag-Lloyd AG DE000HLAG475
DGAP-News: Hapag-Lloyd AG: Talks between Hapag-Lloyd and United Arab Shipping Company
DGAP-News: Hapag-Lloyd AG / Key word(s): Mergers & Acquisitions
Hapag-Lloyd AG: Talks between Hapag-Lloyd and United Arab Shipping Company
21.04.2016 / 13:07
The issuer is solely responsible for the content of this announcement.
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Hamburg, 21 April 2016
Talks between Hapag-Lloyd and United Arab Shipping Company
Forms of cooperation being discussed / No binding results yet
Hapag-Lloyd AG (HL) and United Arab Shipping Company SAG (UASC) are
currently discussing forms of cooperation including a potential combination
of their mutual container shipping operations. In case of a business
combination, the parties are basing their discussions on a relative
valuation of the two businesses at 72% (HL) and 28% (UASC), subject to a
mutually satisfactory completion of the negotiations and the mutual due
diligence exercise. To date, the discussions conducted between the two
carriers have not resulted in any binding agreement and no assurance can be
given that these discussions will lead to a definitive agreement.
About Hapag-Lloyd
With a fleet of 177 modern container ships, Hapag-Lloyd is one of the
world's leading liner shipping companies. The Company has around 9,500
employees at 366 sites in 118 countries. With the acquisition of CSAV's
container business in December 2014, the Hapag-Lloyd fleet offers a total
transport capacity of almost one million standard containers (TEU) as well
as a container capacity of 1.6 million TEU - including one of the largest
and most modern fleets of reefer containers. A total of 121 liner services
worldwide ensure fast, reliable connections between all the continents.
Hapag-Lloyd is a founding member of the G6 Alliance, one of the largest
shipping alliances in the world, and is one of the leading operators in the
Transatlantic and Latin America trades.
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21.04.2016 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.
Media archive at www.dgap-medientreff.de and 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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456403 21.04.2016
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