News / Hapag-Lloyd and UASC shake on merger deal – now it's up to the shareholders

Negotiations on the merger of Hapag-Lloyd and United Arab Shipping Company (UASC) appear to have been successful.

The German carrier told investors today the final hurdle was now the assent of the lines’ shareholders.

A statement to Hapag-Lloyd investors this afternoon said agreement had been reached on the terms and conditions of the “contribution of all shares in UASC to Haag-Lloyd”.

It added: “Today, the supervisory board of Hapag-Lloyd has approved the transaction subject to the anchor shareholders of Hapag-Lloyd and UASC agreeing ...