Independent journal on economy and transport policy
01:20 GMT+2
PREUSSAG BUYS CONTROL OF HAPAG-LLOYD
(Fairplay)
September 2, 1997
Preussag, the German industrial group, has reached an agreement to acquire a 69 per cent holding in Hapag-Lloyd. In a statement issued this morning, Preussag said it had agreed with four large shareholders to buy a controlling interest in the shipping, transport and tourism group at a price of Dm1,040 ($577) per share. The take-over must still be approved ...... Read more on Fairplay
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