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Hapag-Lloyd Seeks CSAV Takeover Deal This Month, Die Welt Says 2014-01-13 08:04:34.532 GMT
By Nicholas Brautlecht Jan. 13 (Bloomberg) -- CSAV to hold ~30% of Hapag-Lloyd shares after transaction, Die Welt says, citing unnamed manager of German co.. * Still unclear whether 54 CSAV vessels to be taken over or only chartered out to Hapag-Lloyd: Welt * CSAV’s shareholders, incl. billionaire Luksic family, to provide further equity for combined co. if Hapag-Lloyd stakeholders willing to do same: Welt * Hapag-Lloyd shareholder Klaus-Michael Kuehne sees good chance of agreement: Welt * Hapag-Lloyd’s debt EU2b-EU3b depending on calculation method: Welt * CSAV shareholders injected EU1.7b into co. in recent yrs to keep it alive: Welt * NOTE: Hapag-Lloyd Talks to CSAV on Tie-Up to Fight Industry Slump
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To contact the reporter on this story: Nicholas Brautlecht in Hamburg at +49-40-31112-260 or nbrautlecht@bloomberg.net
To contact the editor responsible for this story: Angela Cullen at +49-69-92041-158 or acullen8@bloomberg.net