Independent journal on economy and transport policy
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Hapag-Lloyd has carried to term with success the capital increase
The proceeds deriving from the new sale 11,7 million set in action are piled to 352 million euros
October 17, 2017
The company of German navigation Hapag-Lloyd has communicated that the increase of capital previewed from the plan of fusion with the United Arab Shipping Company (UASC is carried to term with success), merger that is put into effect the slid spring ( on 24 May 2017). The proceeds deriving from the new sale 11,7 million set in action to the unit price of 30 euros have turned out pairs to about 352 million euros (414 million dollars).
Hapag-Lloyd has specified that to exercise own right of subscription it has been 96.5% of the current shareholders, between which CSAV Germany Holding Container, Kuehne Maritime, Qatar Holding Germany and The Public Investment Fund of the Kingdom of Saudi Arabia.
As a result of this operation the value of the capital of the company will go up to 175,76 million euros.
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