Despite choppy investor sentiment at present and dire rates on many container tradelanes, German boxline Hapag-Lloyd is sticking to its IPO course, the company’s ceo told a German newspaper yesterday.
“There will never be a perfect time … one should not be too dependent on (the market). From a company perspective, it is a good time,” Rolf Habben Jansen told Frankfurter Allgemeine Sonntagszeitung (FAS).
Hapag-Lloyd is looking at raising around $500m in the next month from a listing in Frankfurt. Money raised will go on fleet expansion.
Habben Jansen also warned of more job cuts at the line, which merged with Chile’s CSAV last year.