At the moment it is owned by TUI (which is involved primarily in group travel), and after the financial problems last year, Klaus-Michael Kuehne, the principal of Kuehne & Nagel, took a major financial stake in Hapag-Lloyd, as part of an investor group.
From The Journal of Commerce
TUI has repeatedly said it wants to dispose of its stake in Hapag-Lloyd to focus on tourism. The company, based in Hanover, Germany, hasn’t been able to find a buyer. The increase of its stake is the result of the conversion of a hybrid loan for Hapag-Lloyd into equity, according to the company’s statement in September.
A spokesman for TUI didn’t immediately respond to a phone call seeking comment.
A Hamburg-based investor group, including German billionaire Klaus Michael Keuhne, M.M. Warburg, HSH Nordbank and Hamburg’s state government, bought a majority stake in Hapag-Lloyd.
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