Ad hoc Releases

Hapag-Lloyd AG: Business combination with United Arab Shipping Company (UASC)

Hapag-Lloyd AG  / Key word(s): Mergers & Acquisitions

28.06.2016 14:59

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Hapag-Lloyd AG (Hapag-Lloyd) and United Arab Shipping Company S.A.G (UASC)
have reached an agreement on the terms and conditions of a Business
Combination Agreement (BCA) providing for the contribution of all shares in
UASC to Hapag-Lloyd. Today, the Supervisory Board of Hapag-Lloyd has
approved the transaction subject to the anchor shareholders of Hapag-Lloyd
and UASC agreeing to assume the commitments levied upon them in the BCA.
Further, the conclusion of binding agreements is still subject to the
consent of the shareholders of UASC. An extraordinary general meeting of
UASC to grant such consent will be held in Dubai on 29 June 2016.


28.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de

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Language:     English
Company:      Hapag-Lloyd AG
              Ballindamm 25
              20095 Hamburg
              Germany
Phone:        +49 (0) 40 3001 - 2896
Fax:          +49 (0) 40 3001 - 72896
E-mail:       [email protected]
Internet:     www.hapag-lloyd.com
ISIN:         DE000HLAG475, USD33048AA36
WKN:          HLAG47, A1E8QB
Indices:      SDAX
Listed:       Regulated Market in Frankfurt (Prime Standard), Hamburg;
              Regulated Unofficial Market in Berlin, Dusseldorf, Hanover,
              Munich, Stuttgart, Tradegate Exchange
 
End of Announcement                             DGAP News-Service
 
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