Tui AG is being tipped to pursue an IPO of its stake in shipping business Hapag-Lloyd after talks to merge the business failed.
Tui had hoped to reach a merger deal with Oetker Group, owners of transport company Hamburg Sug, but the two companies were unable to reach terms, according to reports.
Tui owns 22% of Hapag-Lloyd, but has made it clear that it wishes to focus on its travel businesses.
It sold a 17.4% stake in Hapag-Lloyd to Hamburg-based investor group Albert Ballin in February last year.
This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.