Germany's Hapag-Lloyd needs money fast -paper

FRANKFURT, July 18 (Reuters) - The owners of Germany's Hapag-Lloyd plan to meet on the first Friday in August to discuss who will provide how much money to keep the container shipping line afloat, Germany's Die Welt reported on Saturday.

"Hapag-Lloyd needs in August a sum in the hundreds of millions of euros to ensure the company's operation," a person familiar with the matter was quoted in the daily as saying.

The first Friday would be Aug. 7.

Reuters reported that owners would inject 750 million euros ($1.06 billion), with 325 million alone coming from TUI (TUIGn.DE), which owns a 43 percent stake.

The Albert Ballin group -- which includes the state of Hamburg, regional lender HSH Nordbank [HSH.UL], logistics entrepreneur Klaus-Michael Kuehne and two insurance groups -- owns a 57 percent stake in Hapag-Lloyd.

(Reporting by Christiaan Hetzner; Editing by Victoria Main)