Hapag-Lloyd

Tui AG last month appointed advisers to pursue a flotation of the Hapag-Lloyd shipping line, in which it holds a major stake.

Heads rolled at the travel operator when a £117m accounting error was found last year. Now, suddenly, two more directors have resigned – and investors are becoming alarmed 2011

Irmgard and Peter Jepsen from Flensburg, Germany, have gone on 25 luxury cruises and sailed on ships such as the MS Europa operated by Hapag-Lloyd, the Silver Shadow from Silversea, the Sojourn by Seabourn and the Crystal Symphony run by Crystal Cruises.

Savoring the Seven Seas Rhea Wessel 2011

FRANKFURT—German holding company TUI AG said Tuesday it is advancing preparations for the initial public offering of container shipping company Hapag-Lloyd AG while seeking an anchor investor for the company at the same time.

TUI Preparing Hapag-Lloyd IPO 2011

Hapag-Lloyd AG — $700 million equivalent multitranche bond issue was priced for the global shipping company, one of the banks working on the deal said Thursday.

New Securities Issues 2010

It declined to comment on a report in the Frankfurter Allgemeine Zeitung late Monday saying TUI is in talks to sell up to 30% of its 38% stake in Hapag-Lloyd to Oman's state-owned Onyx Investments Ltd. and China's HNA Group Co. According to a Reuters report, an official at Onyx confirmed the company has taken a 15% stake in Hapag-Lloyd.

TUI Preparing Hapag-Lloyd IPO 2011

*** Conglomerates German holding company TUI said it is advancing preparations for the initial public offering of container shipping company Hapag-Lloyd while seeking an anchor investor for the company at the same time.

Business Watch 2011

It also confirmed it expects a positive profit contribution from container shipping company Hapag-Lloyd, in which it owns a minority stake.

Higher Travel Demand Helps TUI Hilde Messer 2011

The container-shipping business of Hapag-Lloyd picked up significantly on the year and contributed € 18.2 million to the company's result in the first quarter, after hampering earnings by € 14.7 million in the comparable period of the previous year.

Higher Travel Demand Helps TUI Hilde Messer 2011

*** Conglomerates TUI sold part of its stake in container-shipping company Hapag-Lloyd and could reduce its holding further through an initial public offering.

Business Watch 2011

Hapag-Lloyd's other owners, the Albert Ballin consortium—which includes logistics entrepreneur Klaus-Michael Kuehne and the city of Hamburg as well as insurers and banks—are closely involved in the sales process and in principle wouldn't have objections to either of the potential investors taking a stake, the FAZ article stated, citing "well informed sources."

TUI Preparing Hapag-Lloyd IPO 2011