Tui board approves aid for Hapag-Lloyd

Patrick Hagen, Cologne - Friday 10 July 2009

TOURISM group Tui, the largest single shareholder of German container line Hapag-Lloyd, has received the green light from its supervisory board to provide financial aid to help the carrier.

Tui’s help would be proportionate to its stake in Hapag-Lloyd, sources said. The Hanover-based tourism group owns 43.3% of Hapag-Lloyd.

However, T...

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