TUI AG CEO: Chances For Hapag-Lloyd IPO In 2011 Are Good
14 Dezember 2010 - 10:10AM
Dow Jones News
TUI AG's (TUI1.XE) chances of an initial public offering for its
container shipping unit Hapag-Lloyd in 2011 are good, Chief
Executive Michael Frenzel said Tuesday.
"We are convinced that there are excellent options to dispose of
our stake in Hapag-Lloyd," the CEO said in Hanover according to the
text of his speech.
TUI, a holding company with assets in tourism and shipping, aims
to fully divest its stake in Hapag-Lloyd. After a planned capital
increase, TUI will hold 49.8% in the company and the Albert Ballin
GmbH & Co. KG consortium will hold the remaining 50.2%. It
considers a stock listing of the unit or a sale to strategic or
financial investors.
Frenzel added the container shipping market is very healthy and
currently in an upward trend.
TUI also owns a majority stake in Europe's largest travel
company, U.K-.listed TUI Travel PLC (TT.LN).
-By Kirsten Bienk, Dow Jones Newswires; +49 69 29725 500;
kirsten.bienk@dowjones.com
TUI Travel (LSE:TT.)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
TUI Travel (LSE:TT.)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
Echtzeit-Nachrichten über Tui Travel (Londoner Börse): 0 Nachrichtenartikel
Weitere Tui Travel News-Artikel