FRANKFURT (Thomson Financial) - The German government believes a sale of the
Hapag-Lloyd shipping company would weaken Germany as a place for investment in
the maritime sector, the government coordinator for maritime affairs Dagmar
Woehrl told Hamburger Abendblatt newspaper's Saturday edition.
She said the government is prioritising securing jobs in the shipping
industry.
Woehrl welcomed the moves of some Hamburg-based investors to make sure that
Hapag-Lloyd will continue as an independent shipping company based in Hamburg.
TUI AG said its supervisory board has decided to split Hapag-Lloyd from the
rest of the company. TUI said it will examine all options for Hapag-Lloyd,
including a spin-off, merger or sale to an investor.
marilyn.gerlach@thomson.com
dpa/mog/cmr
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