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Hamburg State Ready to Back Hapag-Lloyd Bid

31 October 2006, 16:09 / SeaNews / Rating: 657
The Hamburg state government would be willing to support a 'Hamburg consortium' as buyer for Hapag-Lloyd, should parent Tui decide to sell its shipping business, reports Lloyds List. Finance senator Wolfgang Peiner said in a newspaper interview that he could not confirm a request for help from Tui, however. Tui has come under pressure from shareholders over possible changes in its group structure and management following a sluggish share performance.
The Hamburg state government would be willing to support a 'Hamburg consortium' as buyer for Hapag-Lloyd, should parent Tui decide to sell its shipping business, reports Lloyds List.Finance senator Wolfgang Peiner said in a newspaper interview that he could not confirm a request for help from Tui, however.Tui has come under pressure from shareholders over possible changes in its group structure and management following a sluggish share performance.
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