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You are here: Home Archive 2009 August 26 €173m injection for Hapag-Lloyd

€173m injection for Hapag-Lloyd

by Patrick Hagen - Lloyd's List last modified Aug 26, 2009 11:48 AM

Hapag-Lloyd shareholders have agreed to pump an additional €173m (US$247.7m) to help save the ailing German container line.

An announcement by the city of Hamburg yesterday said the additional finance brought the overall rescue package to €923m.

The city is part of the Albert Ballin consortium that owns 56.7% of the carrier, with Tui holding the remaining 43.3%.

Billionaire Klaus-Michael...

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