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.