Subscribe to RSS feedHapag-Lloyd bailout decision next month
by
Patrick Hagen - Lloyd's List
—
last modified
Aug 24, 2009 12:21 PM
The German Government will decide on Hapag-Lloyd's application for state guarantees by mid-September.
Hapag-Lloyd had asked the government for guarantees totalling €1.2bn (US$1.7bn), covering loans provided by banks HSH Nordbank, HVB and KfW.
Germany's maritime co-ordinator Dagmar Wohrl told journalists in Berlin on Friday that the request from Hapag-Lloyd is the biggest application from...
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