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Hapag Lloyd Shareholder Agreement

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“Of course, we regret the reduction of dispersed ownership, but the demand from our anchor shareholders also underlines their interest and commitment to Hapag-Lloyd as a strategic investment,” said Rolf Habben Jansen, Chairman of the Executive Board of Hapag-Lloyd AG. The shareholder structure of Hapag-Lloyd AG as of June 18, 2019, Hapag-Lloyd, said its supervisory board had approved the agreement in which all the shares of the Kuwait-based UASC, majority owned by the Government of Qatar, would take over. Hapag-Lloyd anchor shareholders and UASC shareholders have yet to agree. Qatar Holdings became a shareholder of Hapag-Lloyd with Saudi Arabia PIF when it sold UASC to Hapag-Lloyd in 2017. The Chilean compañía Sud Americana de Vapores (CSAV) has also participated in Hapag-Lloyd and is the majority shareholder of the German maritime group.