Interesting that TUI has sold its
Hapag-Lloyd transport business
in a nifty buy back that supports the Port of Hamburg...and the City of Hamburg is a major shareholder. Hello City of Edmonton and Captal Region...why not invest in Port Alberta?
GERMANY - TUI AG (TA) agreed to acquire a 33.33% stake in Albert Ballin GmbH & Co KG (AB), a special purpose acquisition vehicle formed by Mr. Klaus-Michael Kuehne,
the city of Hamburg and MM Warburg & Co KgaA, for 700 mil euros ($938.967 mil US). Concurrently, AB agreed to acquire the entire share capital of Hapag-Lloyd AG (HL), a Hamburg-based provider of shipping and logistics services, from TA. The transactions were subject to regulatory approvals.
http://money.cnn.com/news/deals/mergers/reports/1219335040.html