HAPAG-LLOYD TO RAISE STAKE IN AFFILIATE VTG
Hapag-Lloyd AG announced that it plans to increase its shareholding in VTG-Lehnkering AG, a provider of specialized logistics services to the European chemical industry in which it already has a majority stake.
Subject to approval by the German Federal Financial Supervisory Agency, Hapag-Lloyd will offer to buy shares in VTG-Lehnkering shareholders from other shareholders at 13.16 euro per share. “This is well above the average share price in recent months,” Hapag-Lloyd said.
Hapag-Lloyd currently holds 80.96 percent of the share capital of VTG-Lehnkering.
The executive board of VTG-Lehnkering supports Hapag-Lloyd’s offer.