Hapag-Lloyd Holding AG to Merge with Hapag-Lloyd AG

MarineLink.com
Wednesday, August 14, 2013

Hapag-Lloyd Holding AG will merge with Hapag-Lloyd AG, retrospective with effect from January 1, 2013. “This step is taken in order to simplify the group structure of Hapag-Lloyd and does not have any impact on shareholder equity”, said Jürgen Weber, Chairman of the Supervisory Board of Hapag-Lloyd AG.

Shareholders of Hapag-Lloyd, TUI-Hapag Beteiligungs GmbH (TUI AG) and Hamburgische Seefahrtsbeteiligung “Albert Ballin“ GmbH & Co KG (“Albert Ballin“ consortium), now hold a direct share in Hapag-Lloyd AG. The merger has no impact on consolidated financial statements of Germany’s largest liner shipping company.

The holding structure was set up during the takeover of the majority of Hapag-Lloyd by the Hamburg-based “Albert Ballin“ consortium in 2008/09.

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