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Hapag-Lloyd's CEO sticking with US$500m flotation plan: paper
Add BT as a preferred sourcePublished Tue, Oct 13, 2015 · 09:50 PM
Frankfurt
CONTAINER shipping group Hapag-Lloyd is sticking with plans to float, its chief executive said, despite other German companies curbing their listing ambitions due to uncertain markets and the impact of the Volkswagen emissions scandal.
Hapag-Lloyd aims to raise US$500 million in a stock market flotation this year and has said that it will use the proceeds to invest in new ships and containers.
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