Financial Times FT.com

NOL quits race to buy Hapag-Lloyd

By Gerrit Wiesmann in Frankfurt

Published: October 11 2008 03:00 | Last updated: October 11 2008 03:00

A consortium from Hamburg looks set to acquire Hapag-Lloydafter Singapore's Neptune Orient Lines

dropped out of the auction to buy the Tui-owned shipping unit.

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