Subscribe to RSS feedHapag-Lloyd needs cash to survive
by
Patrick Hagan
—
last modified
Jul 16, 2009 05:46 PM
GERMANY’S largest container line, Hapag-Lloyd, needs fresh capital of more than €1bn (US$1.4bn).
The actual amount will depend on market conditions and could be as much as €1.8bn in a worst possible case scenario, sources said.
Hapag-Lloyd’s shareholders discussed ways of assisting the ailing carrier at a meeting in Hamburg last week and...
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