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By Mike Wackett
German travel group TUI has finally sold its remaining stake in Hapag-Lloyd, ending an investment in the container line that spanned almost two decades.
TUI said yesterday it had agreed the sale of its 8.5m shares for €244m ($278m), taking its share disposal in the carrier since March to around €400m.
Following the merger with UASC, which closed in May, TUI had retained an 8.9% stake in the new entity.
Hapag-Lloyd’s share price is enjoying a 52-week high of around €32.50, from a low ...
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