Hengeler Mueller advises TUI on IPO of Hapag-Lloyd
06. November 2015
Hapag-Lloyd AG (“Hapag-Lloyd”), a leading global container liner shipping company, completed its IPO with the initial listing of its shares on the Frankfurt Stock Exchange on 6 November 2015. Hapag-Lloyd generated proceeds of about EUR 265 m by placing 13,228,677 newly issued shares. TUI AG (“TUI”) placed about 2 million shares from its indirect holding in Hapag-Lloyd as an over-allotment which will generate proceeds of about EUR 40 m if the greenshoe option is fully exercised. TUI continues to hold more than 10% of the shares in Hapag-Lloyd through TUI-Hapag Beteiligungs GmbH. Hapag-Lloyd has around 10,000 employees and offers a comprehensive range of services through an extensive network with 128 liner services worldwide.
Hengeler Mueller advised TUI on the transaction. The Hengeler Mueller team included partners Simon Patrick Link (Capital Markets/Corporate) and Hans-Jörg Ziegenhain (Corporate) as well as associate Elisabeth Kreuzer (Capital Markets/Corporate) (all Munich).