Maersk Line to acquire Hamburg Süd for US$4bn
Maersk Line will acquire Hamburg Süd for a total of €3.7bn (US$4bn) on a cash and debt-free basis.
The acquisition, which is still subject to regulatory approvals, was approved by the boards of both the Danish shipping company and the German carrier’s owner Oetker Group.
Maersk Line expects to complete the deal by the end of the year, with both companies continuing as separate and independent companies until then.
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