News / Reduced price of Hapag-Lloyd share offer means heavy losses for existing investors

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It has been tumultuous week for Hapag-Lloyd as the German carrier pressed to push through its partial stock market listing – otherwise known as an IPO – while existing shareholders have seen the value of their stakes fall.

And in the case of CSAV, the company’s largest single shareholder, this could lead to a write-down of almost €1bn, according to one analyst.

With open trading of the shares set to commence on Friday, the company has had to twice lower the price ...