Hapag wants to keep it simple
With retrospective effect from 1 January 2013, Hapag-Lloyd Holding AG is being merged with Hapag-Lloyd AG. The company said in a written statement that it had taken this step to simplify the group structure of Hapag-Lloyd. However, it emphasised that the move did not have any impact on shareholder equity. Shareholders of Hapag-Lloyd, TUI-Hapag Beteiligungs GmbH (TUI AG) and Hamburgische Seefahrtsbeteiligung “Albert Ballin” GmbH & Co KG (Albert Ballin consortium), now have a direct share in Hapag-Lloyd AG. The merger also has no impact on the consolidated financial statements of Germany’s largest liner shipping company.