Neptune Orient Hires 11 Banks for Hapag-Lloyd Loan (Update2)

Bloomberg.com
18 Aug 2008
By Patricia Kuo

Aug. 18 (Bloomberg) -- Neptune Orient Lines Ltd., Southeast Asia's largest shipping line, hired 11 banks to arrange a $6 billion loan for its bid to buy TUI AG's Hapag-Lloyd AG unit, according to five people involved in the deal.

Bank of Tokyo-Mitsubishi UFJ Ltd., Citigroup Inc., HSBC Holdings Plc, Intesa Sanpaolo SpA, JPMorgan Chase & Co., Mizuho Financial Group Inc., Natixis, Oversea-Chinese Banking Corp., Societe Generale, Sumitomo Mitsui Financial Group Inc., and United Overseas Bank Ltd. will arrange the loan, said the people, who declined to be identified as the information isn't public.

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