The owners of Hapag-Lloyd hired three investment banks to prepare for a possible initial public offering for the German ocean container carrier in 2011, the TUI travel company and the Albert Ballin consortium said Dec. 7.
The partners also said they are seeking strategic and financial investors to acquire minority stakes in the Hamburg-based shipping line.
The companies have mandated Credit Suisse, Goldman Sachs and Greenhill to begin preparations for a stock exchange listing of Hapag-Lloyd shares.
The companies said they are "now seeking long term oriented investors to replace TUI to secure a stable shareholder base for Hapag-Lloyd."
After a planned capital increase TUI will own 49.8 percent of Hapag-Lloyd with the remainder held by the Albert Ballin consortium.
The partners also said they are seeking strategic and financial investors to acquire minority stakes in the Hamburg-based shipping line.
The companies have mandated Credit Suisse, Goldman Sachs and Greenhill to begin preparations for a stock exchange listing of Hapag-Lloyd shares.
The companies said they are "now seeking long term oriented investors to replace TUI to secure a stable shareholder base for Hapag-Lloyd."
After a planned capital increase TUI will own 49.8 percent of Hapag-Lloyd with the remainder held by the Albert Ballin consortium.