UPDATE 1-Hapag-Lloyd postpones IPO after Maersk warning

martes 27 de octubre de 2015 09:53 GYT

* Hapag could cut IPO offer price -sources

* Offer period extended by a week to Nov. 3

* Goal to tempt back investors scared by Maersk warning -source (Adds reason for postponement, comparisons with Maersk)

FRANKFURT, Oct 27 (Reuters) - German container shipping group Hapag-Lloyd is postponing its stock market debut by a week after investors turned its back on the company following peer Maersk's profit warning, two sources told Reuters.

If demand for the shares remains weak Hapag may lower the offer price, the people familiar with the deal said on Tuesday, adding that cancelling the IPO also remained an option.

Hapag-Lloyd said it was extending the offer period for its initial public offering (IPO) by a week to Nov. 3, with trading now likely to start on Nov. 6.

"The order book had been more than one time subscribed. Now the main goal is to get investors to come back who have shied away due to Maersk," one of the people said.

Hapag-Lloyd reiterated that its earnings outlook remained unchanged, despite peer Maersk's slashing its 2015 profit targets last week.

Maersk Line, the world's largest container shipping company which transports a fifth of all goods on the busiest routes between Asia and Europe, has been hit by overcapacities, a slump in freight rates. It cut its 2015 profit target by 15 percent.   Continuación...