• BIST 105.026
  • Altın 162,753
  • Dolar 3,9187
  • Euro 4,6430
  • İstanbul 12 °C
  • Ankara 4 °C

$1 billion financial support

$1 billion financial support
Hapag-Lloyd, the world?s fifth largest container carrier, will get approximately $1 billion in financial support from its owners as it seeks additional aid from the German government and lenders.

Hapag-Lloyd, the world"s fifth largest container carrier, will get approximately $1 billion in financial support from its owners as it seeks additional aid from the German government and lenders.

Hapag-Lloyd, the world"s fifth largest container carrier, will get approximately $1 billion in financial support from its owners as it seeks additional aid from the German government and lenders.

The shareholders are said to have agreed in principle to provide approximately $1 billion to the carrier, which means TUI, which has a 43 percent stake, would contribute $455 million.

The Hamburg-based Albert Ballin consortium which owns 57 percent, would provide $545 million.

TUI"s supervisory board said July 10 that it would provide pro rata financial support for Hapag-Lloyd. The tourism company"s board did not give any further details after meeting in Hanover to discuss Hapag-Lloyd"s reported request for up $2.4 billion in capital from its shareholders and loans from banks.

TUI lent around $1.35 billion to Hapag-Lloyd when it sold Germany"s biggest container line to Albert Ballin for $6 billion earlier in the year. TUI said it would shortly discuss details of the aid with the Albert Ballin investors and take a decision at the next meeting of its supervisory board in early August.

Hapag-Lloyd, the world"s fifth largest carrier, is said also to be seeking loans of $420 million from the German state development bank KfW and an additional $980 million in government-guaranteed loans.

www.TurkishMaritime.com.tr

This news is a total 4777 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |