Hapag-Lloyd capital increase

Overview:

• Hapag-Lloyd has raised €352 million through a capital increase. 
• The German shipping company sold 11.7 million new shares at €30 each.
• Proceeds of the capital increase will be used to reduce Hapag-Lloyd's debt .
• Hapag-Lloyd recently merged with United Arab Shipping Company (UASC), and the capital increase formed part of the merger agreement.  
• Goldman Sachs, Berenberg, and Deutsche Bank were underwriters on the deal. 

Katrin Kostadinova - Data analyst