Temasek In Talks With Tui To Create Cargo Shipping Giant
HONG KONG — Singapore’s sovereign wealthiness fund Temasek Holdings Pte. and Tui AG of Germany are retention talks to unify their transport operations, a potential tie up that could spawn the world’s third big container transportation group. The potential deal would take together Tui’s Hapag-Lloyd and Temasek’s majority-owned Neptune Orient Lines, culture mediums reports emphasised Wednesday, adverting unidentified someones with noesis of the negotiation. The dialogue have affected a figure of unlike options, admitting Temasek reassigning its 68% stake in NOL for a 23% stake in the hypertrophied entity.