TUI wins contest for CP Ships

News by WCN Editorial

In the latest round of consolidation in the liner shipping industry, TUI AG, parent company of Hapag-Lloyd Container Line, has announced that it has agreed to acquire CP Ships Ltd in an all-cash transaction for EUR1.7 bill (US$2.0 bill), or US$21.50 per share.

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Business Container Container Shipping Mergers/Acquisitions/Restructuring Shipping & Logistics CP Ships Hapag-Lloyd

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