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Hapag-Lloyd AG: United Arab Shipping Company convenes general meeting for resolution on potential business combination with Hapag-Lloyd

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

18.05.2016 13:38

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Hamburg, 18 May 2016

United Arab Shipping Company convenes general meeting for resolution on
potential business combination with Hapag-Lloyd

United Arab Shipping Company SAG (UASC) has today called an extraordinary
general meeting for 2 June 2016 in which the shareholders shall, amongst
other agenda items, vote whether to approve the conclusion of a business
combination agreement with Hapag-Lloyd AG (HL). The talks between HL and
UASC regarding a potential combination of their respective container
shipping operations are ongoing; no binding agreement has yet been reached.
The potential transaction is subject to the approval of the regulatory
authorities, the relevant bodies at HL and other stakeholders. Its
implementation is also subject to the approval of HL's shareholders.


18.05.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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:       ir@hlag.com
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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