Ad hoc Releases

Hapag-Lloyd AG: Talks between Hapag-Lloyd and United Arab Shipping Company

Hapag-Lloyd AG  / Key word(s): Mergers & Acquisitions

21.04.2016 13:03

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Forms of cooperation being discussed / No binding results yet

Hapag-Lloyd AG (HL) and United Arab Shipping Company SAG (UASC) are
currently discussing forms of cooperation including a potential combination
of their mutual container shipping operations. In case of a business
combination, the parties are basing their discussions on a relative
valuation of the two businesses at 72% (HL) and 28% (UASC), subject to a
mutually satisfactory completion of the negotiations and the mutual due
diligence exercise. To date, the discussions conducted between the two
carriers have not resulted in any binding agreement and no assurance can be
given that these discussions will lead to a definitive agreement.


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Language:     English
Company:      Hapag-Lloyd AG
              Ballindamm 25
              20095 Hamburg
              Germany
Phone:        +49 (0) 40 3001 - 2896
Fax:          +49 (0) 40 3001 - 72896
E-mail:       [email protected]
Internet:     www.hapag-lloyd.com
ISIN:         DE000HLAG475, USD33048AA36
WKN:          HLAG47, A1E8QB
Indices:      SDAX
Listed:       Regulated Market in Frankfurt (Prime Standard), Hamburg;
              Regulated Unofficial Market in Berlin, Dusseldorf, Hanover,
              Munich, Stuttgart, Tradegate Exchange
 
End of Announcement                             DGAP News-Service
 
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