Hapag-Lloyd Drops as Forecast Cut Overshadows UASC Merger Plan

  • Hapag expects ‘clearly decreasing’ profit on takeover cost
  • Qatari, Saudi funds to own about quarter of combined company

Hapag-Lloyd AG fell the most since its initial public offering in November as a forecast of lower profit and a share-sale plan overshadowed a final deal to join forces with United Arab Shipping Co. to become the world’s fifth-largest container carrier.

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