Main German shipping line Hapag-Lloyd sold to investors
Germany's biggest container shipping line, Hapag-Lloyd, has
been sold to German investors in a deal that values it at 4.45 billion euros (6
billion dollars), owner TUI said Sunday.
A consortium of investors based in the port city of Hamburg will take majority control of Hapag-Lloyd, which specializes in sea transport of containers. Package-holidays group TUI will retain one third of Hapag-Lloyd, dpa reported.
Neptune Orient Lines of Singapore had earlier dropped out of bidding for the Hamburg shipping company.