Hapag-Lloyd to be worth as much as $4.75 blllion

Hapag-Lloyd, the world's fifth-largest container shipping line, aims to be valued at between 3 billion and 3.5 billion euros ($4.07 billion-$4.75 billion) when it lists on the German stock exchange on April 15, a newspaper reported.

Citing an analyst presentation, German financial daily Boersen-Zeitung wrote that Hapag-Lloyd would increase its capital by 350 million euros, with which it would redeem a high-yield bond.

An initial public offering (IPO) of Hapag-Lloyd is seen as a first step in a strategic reshuffle at TUI , which may lead to a combination of TUI and its British unit TUI Travel

Credit Suisse, Goldman Sachs and Deutsche Bank are global coordinators for the IPO. Citigroup, HSBC, JP Morgan and UniCredit are co-bookrunners.

Co-lead managers are M.M. Warburg, Berenberg Bank, DZ Bank and NordLB -- all German lenders. (Reuters)