Kühne Ups Stake in Hapag-Lloyd

Private investment firm Kühne Holding AG has increased its stake in German liner company Hapag-Lloyd to more than 17 percent.

As informed, Klaus-Michael Kühne’s company already held a 14.1 percent share in Hapag-Lloyd through Kühne Maritime, after its merger with the United Arab Shipping Company (UASC).

Kühne said it “used the opportunity” which was offered by the withdrawal of travel and tourism company TUI Group from the container shipping sector to further invest in Hapag-Lloyd. Earlier this month, TUI informed it decided to sell its stake in Hapag-Lloyd.

Karl Gernandt, Executive Chairman der Kühne Holding AG, said that the consolidation in the shipping industry offers Hapag-Loyd new perspectives for a further rise and improves the company’s position among other big container carriers. Gernandt added that Kühne Holding AG sees itself as a long-term investor.

Hapag-Lloyd told World Maritime News that the shareholder structure is now as follows: CSAV (22.6%), Kühne (17.6%), the City of Hamburg (14.9%), Qatar Investment Authority (14.4%), the Public Investment Fund on behalf of the Kingdom of Saudi Arabia (10.1%).

In addition, there is a free float of 20.4% – percentages have been rounded and the free float includes institutional shareholders with a shareholding of less than 5%.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >