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Hapag-Lloyd Shareholders Change Stake

Graphics: Hapag-Lloyd AG

Shailaja A. Lakshmi

German-based international cargo container shipping line Hapag-Lloyd AG announced an increased participation of two core shareholders, which has reduced the free float to below nine percent.

"We naturally regret the reduced free float, but the demand among our anchor shareholders also underlines their interest in and commitment to Hapag-Lloyd as a strategic investment," said Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd AG.

Shareholder structure of Hapag-Lloyd AG as of 18 June 2019: CSAV Germany Container Holding GmbH - 27.3%, Klaus Michael Kühne (incl. Kühne Holding AG and Kühne Maritime GmbH) - 25.5%, Qatar Investment Authority, through its subsidiary Qartar Holding LLC - 14.5%, HGV Hamburgische Gesellschaft für Vermögens-und Beteiligungsmanagement mbH - 13.9% and The Public Investment Fund on behalf of the Kingdom of Saudi Arabia - 10.2%.

The free float is to the tune of 8.6%, which includes institutional shareholders with shareholding of less than 5%, said the company.

With a fleet of 235 modern container ships and a total transport capacity of 1.7 million TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. The Company has around 12,800 employees and 398 offices in 128 countries.

Hapag-Lloyd has a container capacity of approximately 2.5 million TEU - including one of the largest and most modern fleets of reefer containers. A total of 121 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. Hapag-Lloyd is one of the leading operators in the Transatlantic, Middle East, Latin America and Intra-America trades.

Jun 18, 2019

 

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