Independent journal on economy and transport policy
16:37 GMT+1
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Hapag-Lloyd touches up to the decrease the pricing of the initial public offer in course
Attended a collection of capitals until 345 million dollars rather than 500 million initially previewed
October 30, 2015
Hapag-Lloyd has communicated today the redefinition of the structure and the pricing of the initial public offer in course whose expiration in recent days is postponed by on 27 October to next 3 November ( on 28 September 2015).
Originally the German shipowning company had fixed an interval of the price of the offer comprised between 23 and 29 euros for each action. Hapag-Lloyd has explained that, "because of the persistent volatility of the market", the company and its current shareholders, after a consultation with Joint the Global Coordinators, has decided to fix the interval between 20 and 22 euros for each action.
Moreover the structure of the offer has been varied as the number of actions deriving from the capital increase is elevated until 13,2 million that the company will sell on the base of the offer price and if such number of actions is necessary so that the company can collect about 300 million dollars (265 million euros).
Hapag-Loyd has specified that main shareholders Kühne Maritikme and Compañía American South de Vapores (CSAV) has confirmed the participation to the offer with an investment pairs to 30 million dollars everyone. Moreover the holding TUI will offer almost two million actions in order to cover eventual sovra allocation
The new structure of the Hypo anticipates therefore an offer until a total of 15,2 million actions about, for a total amount included the eventual one over allotment until about 345 million dollars (304 million euros) regarding 500 million dollars initially previewed.
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Hapag-Lloyd has communicated today the redefinition of the structure and the pricing of the initial public offer in course whose expiration in recent days is postponed by on 27 October to next 3 November 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
