Skip to main content

Hapag-Lloyd selects banks in advance of IPO
















Hapag-Lloyd has reportedly picked Deutsche Bank, Goldman Sachs and Berenberg to assist it with an initial public offering, fueling speculation the German ocean carrier is accelerating its plan for a public float.





BY CHRIS DUPIN |THURSDAY, JULY 16, 2015










German ocean carrier Hapag-Lloyd has picked Deutsche Bank, Goldman Sachs and Berenberg to assist the company with an initial public offering, according to reports from several media outlets, including Reuters and the Wall Street Journal.



Choosing banks “indicates that Hapag-Lloyd is accelerating efforts to float a minority stake on the Frankfurt stock exchange as early as this fall, a move it has previously indicated as a goal,” the Wall Street Journal said of the news, adding that the Hamburg-based container shipping company's IPO could be valued at $5.5 billion.




To put that valuation in context, when Neptune Orient Lines, parent company of ocean carrier APL, was rumored to be taking over Hapag-Lloyd in 2008, the company was supposed to be valued around $6 billion. And that was before its recent acquisition of the container business of CSAV in a deal that left the Chilean shipping company with the largest individual stake in Hapag-Lloyd.




The company had equity of 4.8 billion euros on March 31 or about $5.2 billion at today’s exchange rate, according to Hapag-Lloyd’s first quarter financial report.




Hapag-Lloyd has declined to comment on the reports, and it’s unclear what share of the company might be sold to outside investors.



With 183 owned and chartered container ships with 970,549 TEUs of capacity, Hapag-Lloyd is currently the fourth largest ocean liner company worldwide.






According to Hapag-Lloyd's website, its largest shareholder today is CSAV German Container Holding with 34 percent. 





The other major shareholders include:

** an investment company owned by the City of Hamburg, which has a 23.2 percent stake; 

** Klaus-Michael Kuehne's Kühne Maritime, 20.8 percent;


 and 

** TUI, the tourism company that formerly owned Hapag-Lloyd, 13.9 percent. 


Smaller investors include the insurance companies Signal Iduna and HanseMerkur, HSH Nordbank, and a group led by M.M.Warburg & Co.







http://www.americanshipper.com/Main/ASD/HapagLloyd_selects_banks_in_advance_of_IPO_60881.aspx

Popular posts from this blog

THE MOST SOUGHT AFTER MANGOES IN THE WORLD ....

While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???





In alphabetical order by Country....










India




Alphonso





Alphonso (mango)
From Wikipedia, the free encyclopedia








Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 


It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

INDIA 2016 : Mango production in state likely to take a hit this year

TNN | May 22, 2016, 12.32 PM IST






Mangaluru: Vagaries of nature is expected to take a toll on the production of King of Fruits - Mango - in Karnataka this year. A combination of failure of pre-monsoon showers at the flowering and growth stage and spike in temperature in mango growing belt of the state is expected to limit the total production of mango to an estimated 12 lakh tonnes in the current season as against 14 lakh tonnes in the last calendar year.



However, the good news for fruit lovers is that this could see price of mangoes across varieties decrease marginally by 2-3%. This is mainly on account of 'import' of the fruit from other mango-growing states in India, said M Kamalakshi Rajanna, chairperson, Karnataka State Mango Development and Marketing Corporation Ltd.




Karnataka is the third largest mango-growing state in India after Uttar Pradesh and Maharashtra.



Inaugurating a two-day Vasanthotsava organized by Shivarama Karantha Pilikula Nisargadhama and the Corporation at P…

Mangoes date back 65 million years according to research ...

Experts at the Birbal Sahni Institute of Palaeobotany (BSIP) here have traced the origin of mango to the hills of Meghalaya, India from a 65 million year-old fossil of a mango leaf. 





The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 




After careful analysis of the fossil of the mango leaf and leaves of modern plants, the BISP scientist found many of the fossil leaf characters to be similar to mangifera.


An extensive study of the anatomy and morphology of several modern-day species of the genus mangifera with the fossil samples had reinforced the concept that its centre of origin is Northeast India, from where it spread into neighbouring areas, says Dr. Mehrotra. 




The genus is believed to have disseminated into neighb…