Temasek among bidders for German shipping group Hapag Lloyd: report

AFP
23 Jul 2008

FRANKFURT (AFP) — The German tourism and shipping group TUI has received six or seven offers for its container shipping unit Hapag Lloyd, including one from the Singapore sovereign wealth fund Temasek, a press report said Wednesday.

The offers range from three to four billion euros (4.7 to 6.3 billion dollars), according to the Financial Times Deutschland, which did not identify its sources.

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