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UASC shareholders vote June 2 on Hapag-Lloyd merger deal

Time：2016-05-23 Browse：140 Author：RISINGSUN

KUWAIT`s United Arab Shipping Company shareholders will decide next month on the question of merger - and to what degree - with Germany`s Hapag-Lloyd, reports London`s Lloyd`s List.

An extraordinary general meeting has been scheduled on June 2, at which UASC shareholders will "vote whether to approve the conclusion of a business combination agreement with Hapag-Lloyd", among other agenda items, according to a statement.

UASC has received 13 of the 17 new vessels: seven 15,000-TEU vessels and six 18,800-TEU ships. It is due to take delivery of the remaining four 15,000-TEU vessels in the coming months, UASC said in its website.