The owners of Hapag-Lloyd, Germany’s biggest container-shipping line, were locked in talks on Monday night over a €300m ($427m) lifeline for the company amid the industry’s worst slump. The two largest shareholders – Tui, the tourism group, and Hamburg’s state government – were considering a short-term cash injection in return for Hapag-Lloyd’s stake in one of the world’s most advanced container terminals. Hapag-Lloyd is also seeking a further €1.75bn in funds.

This entry was posted by Gwen Robinson on Tuesday, July 28th, 2009 at 5:02 and is filed under Capital markets. Tagged with Hapag-Lloyd, tui. Edit this entry.