Hapag-Lloyd previews to collect 500 million dollars from the initial public offer



Hapag-Lloyd has specified today the terms of presentation of the initial public offer in order to land at the market stock exchange, initiative that had been programmed to the action stipulates of the agreement of fusion of the activities of marine transport of the container of the German shipowning company with those of the Compañía Chilean American South de Vapores (CSAV) that he has been undersigned last year ( on 17 April and 2 Decembers 2014).

Hapag-Lloyd has explained that it intends to quote own actions to the Stock exchanges of Frankfurt and Amburgo within this year. The company has specified that the generated previewed gross proceeds from the operation will pile to 500 million dollars, of which 400 million dollars coming from the sale of actions of new issue to institutional investors and individual. Moreover the Kühne German Maritime and Chilean CSAV, than currently stop respective 20.75% and 34.01% of the capital of the Hapag-Lloyd, will participate jointly to the initial public offer with a total investment of 100 million euros subdivided between the two shareholders.

The German company has specified moreover that the offer will include ulterior share quotas in possession of compatriot TUI, tourist group that for a long time has expressed intention the intention to yield own participation in Hapag-Lloyd and that currently it stops 13.88% of the capital of the company, and that the offer will include also an option of greenshoe time to the stabilization of the quotation the new title.

We remember that the partner of the consortium that currently stops 78% about of the capital stock of Hapag-Lloyd, that it is participated as well as by Maritime CSAV and Kühne from the Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement (HGV), the society that represents the city administration of Amburgo and that it possesses 23.23% of the navigation company, have agreed to at least stop 51% of Hapag-Lloyd for ten years and not to sell some action in the within of the initial public offer.

Hapag-Lloyd has confirmed the intention to use the proceeds deriving from the offer in order to realize other investments in the acquisition of ships and container, in order to strengthen own capital structure ulteriorly and in order to over the long term achieve an ulterior increase and ulterior profits.

"The initial public offer - the managing director of the German shipowning society has commented, Rolf Habben Jansen - constitutes an important milestone in the history of the Hapag-Lloyd. This step will at the market offer the best one to us approached of the capitals that will allow us to ulteriorly invest in our activity to the aim to become more competitive, to advantage of our customers, our staff and our shareholders. We are particularly pleased - it has emphasized - of the investment by our main shareholders, that it once again evidences their confidence in the future of the Hapag-Lloyd".

In the first half of this year the portacontainer of the Hapag-Lloyd they have transported cargo volumes pairs altogether to 3,7 million teu, with an increment of +29.4% regarding the first semester of the 2014 that reflects also the fusion of the containerized services with those of the CSAV ( on 26 August 2015).