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19 September 2018 The on-line newspaper devoted to the world of transports 12:59 GMT+2

September 28, 2017

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Original news
Waited for
At the beginning of Hapag-Lloyd October will give the go-ahead to the increase of
Waited for
gross proceeds pairs to approximately
352 million euros
the shipowning company German Hapag-Lloyd has announced today the next start of the increase of the capital that has been programmed in the within of the fusion with the Middle Eastern United Arab Shipping Company (UASC) completed 24th May and that it is deliberated by the assembly of the shareholders at the end of the same month( 30 the 24of and May 2017).

Hapag-Lloyd previews that the gross proceeds of the capital increase will pile to approximately 352 million euros (414 million dollars) and that the cost of the operation will be pairs to approximately five million euro.

Currently the capital stock of the German company is constituted by 164.042.940 sets in action and the capital increase will involve the emission of 11.717.353 new actions offered to the unit price of 30 euros. The period of subscription would have to begin next 2 October and 16 terminal October.

"As a result of the success of the fusion with the UASC - the managing director of Hapag-Lloyd has explained, Rolf Habben Jansen - the capital increase will be used to the aims of the patrimonial strengthening and in order to reduce the lever financial institution of the company. This will allow us to concentrate to us on the sharpening of our strategic and operating objectives".

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