TUI to Sell Majority Stake In Hapag-Lloyd Oct 13, 2008
TUI acquired Canada's CP Ships Ltd. in 2005 to become a leading maritime shipping company. But the company's sagging stock price triggered divestment demands from increasingly restive shareholders. (Wall Street Journal)
TUI's Shipping Business in Focus Mar 17, 2008
Hapag-Lloyd has struggled to integrate its business with that of CP Ships Ltd., a Canadian shipping company that TUI bought in 2005. That acquisition vaulted Hapag-Lloyd into the ranks of the top-five global container lines, and some TUI shareholders say Hapag-Lloyd would be more valuable. (Wall Street Journal)
Neptune Orient Declines to Comment on Report It's in Merger Talks With TUI Jan 13, 2008
A.P. Moeller, the world's biggest shipping line, bought Royal P&O Nedlloyd NV in 2005 and TUI's Hapag-Lloyd shipping unit bought CP Ships Ltd. the same year to become the world's fourth-largest container line. There had been speculation last year that A.P. Moeller may make a bid for Hapag-Lloyd. (Bloomberg -- Asia)
EMI's Losers, Macy's Legacy, Canadian Pacific's Fate: Timshel Jul 19, 2007
Canadian Pacific's marine unit, CP Ships Ltd., is now owned by Germany's TUI AG. Its Fairmont Hotels & Resorts Inc. unit is part of Kingdom Hotel Investments, controlled by Saudi Prince Alwaleed bin Talal. (David Wilson is a Bloomberg News columnist. (Bloomberg -- Columnists)
Morgan Stanley acquiring majority stake in Montreal terminal Feb 23, 2007
TUI acquired the Montreal terminals through its $2-billion takeover of CP Ships Ltd. in 2005 and had previously said it planned to divest some assets acquired in that deal. TUI's shipping line, Hapag-Lloyd, will hang on to a 20-per-cent stake in the Montreal facilities. (Globe and Mail -- Business)
