German regional state lender HSH Nordbank will join Hamburg-based investors that plan to bid for the Hapag-Lloyd container shipping unit of Germany's TUI, German paper Hamburger Abendblatt reported. The board of the bank decided to make at least a triple-digit-million euro sum available for the bid, the paper said, without saying where it obtained the information. HSH Nordbank declined to comment on the report.
The consortium will compete with Singapore's Neptune Orient Lines (NOL) for the company, who have also said they plan to bid.
The consortium will compete with Singapore's Neptune Orient Lines (NOL) for the company, who have also said they plan to bid.