Tuesday, July 28, 2009

Possible merger partners for Hapag-Lloyd

The Journal of Commerce names two potential merger partners for Hapag-Lloyd

Hamburger Abendblatt also reported Hapag-Lloyd is open to a merger or partnership with rival ocean carriers following a review of its operations by Roland Berger, a consultant.

The most likely partners are France's CMA CGM or APL, a unit of Singapore's Neptune Orient Line, it said citing sources in Hapag-Lloyd.

click here for link to article

The City of Hamburg is voting today regarding a cash infusion to Hapag-Lloyd. The problem is, it is contingent on the other shareholders also putting in a substantial amount of cash.

They have been reluctant to do so.

I suspect they won't get the cash.

Guess we should know by the end of the day.

No comments: