Hapag-Lloyd Drops as Forecast Cut Overshadows UASC Merger PlanBy
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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