• Home
  • Investor Relations

Investor Relations

Back to 2017

Hapag-Lloyd AG: Hapag-Lloyd AG and UASC shift Long-Stop Date under Business Combination Agreement

DGAP-News: Hapag-Lloyd AG / Key word(s): Merger

17.03.2017 / 13:43
The issuer is solely responsible for the content of this announcement.


Hamburg, 17 March 2017

Hapag-Lloyd AG and UASC shift Long-Stop Date under Business Combination Agreement

Final preparations on track for closing during next weeks / Transaction not at risk / Start of THE Alliance not affected

Hapag-Lloyd and UASC have mutually agreed to shift the Long-Stop Date under the Business Combination Agreement (BCA) until 31 May 2017 and have amended the BCA accordingly. The merger companies had originally envisaged to close the transaction by 31 March 2017 but now expect closing to take place in the weeks thereafter. All merger clearances and authority approvals as well as all necessary banking approvals from Hapag-Lloyd AG's side and substantially all banking approvals from UASC's side have been obtained and the merger parties are arranging the final documentation for a closing of the business combination. The final preparations for the closing take more time than expected. The transaction itself is not at any risk.

Irrespective of the actual closing date THE Alliance will start its operation as of 1 April 2017 including all vessels as planned. The first time consolidation of UASC into Hapag-Lloyd will take place as of closing.

About Hapag-Lloyd
With a fleet of 166 modern container ships and a total transport capacity of 963,000 TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. The Company has around 9,400 employees at 366 sites in 121 countries. Hapag-Lloyd has a container capacity of 1.6 million TEU - including one of the largest and most modern fleets of reefer containers. A total of 128 liner services worldwide ensure fast, reliable connections between all the continents. Hapag-Lloyd is one of the leading operators in the Transatlantic, Latin America and Intra-America trades.



17.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Latest Reporting

Title Pages Size Language
Group Annual Report FY 2016 248 6.6 MB
Investor Report FY 2016 23 4.9 MB English
Investor Presentation FY 2016 34 2.0 MB English
Press Release FY 2016 3 110.1 KB English
Back to Top

Did you know that your Internet Explorer ( 8 or lower ) is out of date?

Microsoft will stop supporting your web browser in January 2016. As of April 2016 your web browser ( IE8 or lower ) will no longer be fully supported by our website.
To continue to make full use of our website and for a faster, more reliable and secure browsing experience, we encourage you to upgrade to a newer version or other modern browser.
A list of the most popular web browsers can be found below.

Just click on the icons to get to the download page