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Kühne Ups Stake in Hapag-Lloyd

first_imgPrivate investment firm Kühne Holding AG has increased its stake in German liner company Hapag-Lloyd to more than 17 percent.As informed, Klaus-Michael Kühne’s company already held a 14.1 percent share in Hapag-Lloyd through Kühne Maritime, after its merger with the United Arab Shipping Company (UASC).Kühne said it “used the opportunity” which was offered by the withdrawal of travel and tourism company TUI Group from the container shipping sector to further invest in Hapag-Lloyd. Earlier this month, TUI informed it decided to sell its stake in Hapag-Lloyd.Karl Gernandt, Executive Chairman der Kühne Holding AG, said that the consolidation in the shipping industry offers Hapag-Loyd new perspectives for a further rise and improves the company’s position among other big container carriers. Gernandt added that Kühne Holding AG sees itself as a long-term investor.Hapag-Lloyd told World Maritime News that the shareholder structure is now as follows: CSAV (22.6%), Kühne (17.6%), the City of Hamburg (14.9%), Qatar Investment Authority (14.4%), the Public Investment Fund on behalf of the Kingdom of Saudi Arabia (10.1%).In addition, there is a free float of 20.4% – percentages have been rounded and the free float includes institutional shareholders with a shareholding of less than 5%.World Maritime News Stafflast_img read more

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Floyd allegedly paid for Mayo

first_imgCashing in? · A former member of Mayo’s inner-circle says Floyd paid a Mayo confidant $1,000 – Joel Zink | Summer TrojanA former member of O.J. Mayo’s inner circle claimed that USC men’s basketball coach Tim Floyd directly paid at least $1,000 in cash to Mayo’s closest confidant, according to a report published by Yahoo! Sports.If found to be true by the NCAA, the alleged incident would constitute a major violation and could have repercussions for the university in various forms of sanctions.USC’s basketball and football programs are already under NCAA investigation for allegations stemming from Mayo and former football player Reggie Bush. Last May, Johnson claimed that Rodney Guillory gave Mayo about $30,000 in improper benefits. A former sportswriter, Johnson was once a close confidant of Mayo’s but had a falling out with the player and subsequently came forward with the alleged violations, appearing on ESPN’s “Outside the Lines” to break the story.Officials from USC have declined comment since the story broke.“As you know, USC can’t comment on any issue that’s the subject of an ongoing NCAA and Pac-10 investigation,” USC general counsel Carol Mauch Amir told Yahoo! Sports.The latest allegation claims that three months after Mayo had committed to play at USC, Guillory and Johnson met Floyd in Beverly Hills, Calif., before preparing to go to Las Vegas for the NBA’s All-Star Weekend. After Johnson circled the block while Floyd and Guillory met for 15 minutes, Guillory returned to the car with an envelope that showed multiple $100 dollar bills inside and “had ‘substantially’ more than $1,000,” according to the initial report by Yahoo! Sports.The information about the alleged payment from Guillory to Floyd was not included in Johnson’s interview with “Outside the Lines.”According to multiple reports, Guillory is under federal investigation for some of his financial dealings tied to Mayo. Guillory also has a history with the NCAA after being found to have given extra benefits to former USC basketball player Jeff Trepagnier and former Fresno State basketball player Tito Maddox.last_img read more

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