October 18 - Hapag-Lloyd has successfully completed an increase to its capital base as most of its shareholders exercised their subscription rights granted after the completion of the merger with United Arab Shipping Company (UASC) and purchased 11.7 mill
The shipping line raised approximately EUR352 million (USD414 million) from the rights issue with 96.5 percent of the existing shareholders exercised their subscription rights.
The capital increase was underpinned in full by Hapag-Lloyd's main shareholders CSAV Germany Container Holding, Kuehne Maritime, Qatar Holding Germany and The Public Investment Fund of the Kingdom of Saudi Arabia.
"We are pleased about the high level of demand for our shares." said Rolf Habben Jansen, ceo of Hapag-Lloyd. "We see this as an encouragement to continue to rigorously pursue our strategic and operative objectives."