• ITVI.USA
    15,948.420
    108.680
    0.7%
  • OTLT.USA
    2.798
    -0.001
    0%
  • OTRI.USA
    22.010
    -0.060
    -0.3%
  • OTVI.USA
    15,936.600
    100.010
    0.6%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
  • ITVI.USA
    15,948.420
    108.680
    0.7%
  • OTLT.USA
    2.798
    -0.001
    0%
  • OTRI.USA
    22.010
    -0.060
    -0.3%
  • OTVI.USA
    15,936.600
    100.010
    0.6%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
American ShipperShippingTrade and Compliance

Hapag-Lloyd completes capital increase

CSAV increases its stake in Hapag-Lloyd to 34 percent.

   Hapag-Lloyd said Friday it had completed a plan to increase capital by 370 million euros ($453.7 million).
  
CSAV, the Chilean shipping company whose container business Hapag-Lloyd recently acquired, and Kühne Maritime contributed the money in exchange for larger shares in Hapag-Lloyd.
   CSAV provided 259 million euros and increased its stake in Hapag-Lloyd from 30 percent to 34 percent, while Kühne Maritime contributed 111 million euros and saw its stake increase to 20.8 percent. Other major owners of Hapag-Lloyd are HGV, the holding company of the City of Hamburg (23.2 percent); the tourism company TUI (13.9 percent); insurer Signal Iduna (3.3 percent); HSH Nordbank (1.8 percent); the bank M.M. Warburg and two private investors (1.8 percent); and insurer Hanse Merkur (1.1 percent).
   The capital increase had already been agreed upon in mid-April with the signing of the contracts to combine CSAV’s container business with Hapag-Lloyd to form the world’s fourth largest container shipping company.

Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.

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