Hapag-Lloyd CEO reiterates is not in rush to float
By: Reuters | Jan 19 2015 at 10:19 AM | Liner Shipping
German container shipping group Hapag-Lloyd will focus on integration of Vapores , the Chilean firm with which it is merging, and a return to profit before pressing ahead with a stock market flotation, its chief executive said.
“We believe in our plan, that is why we are not in a rush,” Rolf Habben Jansen told journalists in remarks embargoed for Friday.
In the longer run, Hapag-Lloyd still aims to launch an initial public offering, but the CEO has said it was difficult to predict whether this would be possible this year already.