Independent journal on economy and transport policy
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The shareholders of the UASC do not vote the project of fusion with Hapag-Lloyd waiting for a final agreement
the Middle Eastern company has emphasized that the strategic value of a potential combination of the activities is recognized
June 3, 2016
The shareholders of the shipowning society United Arab Shipping Company (UASC), met yesterday to Dubay in order to estimate the project of fusion of the activities in the field of the container with those of the Hapag-Lloyd German ( on 21 April 2016), they have not voted the concentration project. In a note the Middle Eastern company has specified that if the representatives of the shareholders have shown themselves generally favorable to the negotiations in course with Hapag-Lloyd and have recognized the strategic value of a potential combination of both the activities, is not expressed some formal ballot on this topic as still it is not defined a final agreement. The precise note that UASC and Hapag-Lloyd are continuing the negotiations in order to reach an agreement on the operation, in which case will be convened another extraordinary shareholders' meeting of the shareholders.
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