Hapag-Lloyd IPO, NOL sale reports fuel merger speculation [Shipping Line]
Reports in the past twenty four hours that Hapag-Lloyd has hired investment banks to advise on an initial public offering and the Singapore government is selling its majority stake in Neptune Orient Lines have refuelled speculation of a merger between the two ocean carriers.
The timing of the – as yet unconfirmed – reports is coincidental, but the fact the two companies share a history going back to 2008 has got the industry talking again about a possible tie-up between the two lines. At that time, a financially crippled Hapag-Lloyd, fearing the loss of its German identity, rebuffed a 3.5 billion euro ($3.9 billion) takeover bid by NOL
More at the JOC
Posted at 11:11 パーマリンク
A.P. Møller - Mærsk A/S 2014 results [Shipping Line]
The Group delivered a strong financial performance with a profit of USD 5.2bn (USD 3.8bn). In line with expectations, the underlying profit increased by 33% to USD 4.5bn compared to 2013 (USD 3.4bn) and the return on invested capital (ROIC) was 11.0% (8.2%). The reported result was positively impacted by the USD 2.8bn gain from the sale of the majority share of Dansk Supermarked Group and other divestment gains of USD 600m (USD 145m) partly offset by the net impairments of USD 3.0bn (USD 220m), including USD 1.7bn on the Brazilian oil assets.
Posted at 23:29 パーマリンク
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