The owner of private Hamburg bank MM Warburg has confirmed plans to form an investor group that could buy Anglo-German group TUI's Hapag-Lloyd container shipping unit.
Christian Olearius said: "We are representing a group of investors who want to keep Hapag-Lloyd as an independent shipping company with headquarters in Hamburg."
MM Warburg said it wanted to talk to TUI and its shareholders on how to achieve this solution and added that the investor group was open to other investors.
Swiss logistics company Kuehne & Nagel majority owner Kuehne was also part of the investor group that favoured a Hamburg solution for Hapag-Lloyd, the world's fifth-largest container shipping company, a source familiar with the matter said on Monday.
TUI has been under pressure from shareholders to break up its container shipping and tourism businesses and merge, sell or spin off Hapag-Lloyd.
Over the weekend, a source familiar with the matter said a bank-led investor group, which includes a majority owner of Kuehne & Nagel, was mulling a bid for Hapag-Lloyd.
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