Hapag-Lloyd AG (DB:HLAG) is in talks to merge with The United Arab Stevedoring Company (CASE:UASG) in what would be the latest tie-up in an industry hammered by overcapacity and a faltering global economy. Hapag-Lloyd said the talks were based on giving its shareholders 72% of the combined business and UASC's shareholders the rest, but it gave no further details and said there was no certainty of a deal. UASC was not immediately available to comment.
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