Below you find all financial announcements since the issuance of our corporate bonds in October 2010. To view all press releases by Hapag-Lloyd please visit the press section.
HAPAG - LLOYD AG / Key word(s): Mergers & Acquisitions
Hamburg, 11 September 2014
Hapag-Lloyd welcomes EU approval for transaction with CSAV
Approvals in few other jurisdictions are still pending / Transaction will create fourth largest container shipping company in the world
Hapag-Lloyd welcomes the approval under European Union (EU) merger regulations for the planned integration of the container shipping activities of Compañia Sud Americana de Vapores (CSAV) into Hapag-Lloyd.
Hapag-Lloyd and CSAV signed a binding business combination agreement in April. Its implementation is subject to the approval of regulatory authorities. The European Commission's merger approval is the result of a consultation process which both companies are carrying out with regulatory authorities around the world. Approvals in a few other jurisdictions are still pending. At the beginning of August, the Department of Justice of the United States had cleared the planned transaction.
The transaction will create the fourth largest container shipping company in the world, with some 200 vessels, an annual transport volume of 7.5 million TEU and a combined turnover of approx. 9 billion Euro.
11.09.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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