Hapag-Lloyd chips at debt pile with €352m rights issue

By Jon Hay
02 Oct 2017

Shares in Hapag-Lloyd, the German container shipping line, are holding up well as the subscription period for its €352m rights issue begins.

“It’s a small deal [relative to the market cap of €5.9bn] and the core shareholders are all supporting the deal,” said a banker working on it. “We expect a very good take-up.”

The shares closed at €35.50 on Monday, down 0.9% on the day and 10.5% from their ...

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