Reuters logo
Hapag-Lloyd, UASC merger not affected by Qatar trouble - source
June 9, 2017 / 12:55 PM / 4 months ago

Hapag-Lloyd, UASC merger not affected by Qatar trouble - source

FRANKFURT, June 9 (Reuters) - Qatar’s row with its powerful Gulf neighbours should not scupper the just-agreed merger of German shipping company Hapag-Lloyd with sector peer United Arab Shipping Company (UASC) that is owned by six Arab states of the Gulf region, a source close to Hapag-Lloyd said.

He said there were currently no signs that the diplomatic crisis would impact the deal that the states had made last month as one party, vis-a-vis Hapag-Lloyd, bilaterally.

The source, a senior manager close to the German firm’s current owners, said there was no disagreement between the Arab shareholder parties. (Reporting by Jan Schwartz; Writing by Vera Eckert; Editing by Jonathan Saul and Harro ten Wolde)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below