Hapag-Lloyd pushes ahead with $5.5bn IPO

Hapag-Lloyd pushes ahead with $5.5bn IPO

Hamburg: Hamburg-based liner giant Hapag-Lloyd is pushing ahead with a much-telegraphed initial public offering. The world’s fourth largest containerline is looking to raise more than $5.5bn from the offering, Dow Jones reports, citing sources close to the deal. Investment banks Deutsche Bank, Goldman Sachs and Joh Berenberg, Gossler & Co have been appointed as advisors.

A spokesperson for Hapag-Lloyd declined to confirm the planned IPO when contacted by Splash.

Hapag-Lloyd merged with Chile’s Compania Sud Americana de Vapores (CSAV) last year. Its fleet today stands at 970,549 slots, giving it a global market share of 4.9% of the liner trades, according to French analysts, Alphaliner.

The German line has been linked with an IPO for much of the past year.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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