Maersk Line completes Hamburg Süd acquisition

Maersk Line has obtained the final regulatory approval required to close its €3.7bn (US$4.4bn) acquisition of Hamburg Süd, with the aim of realising operational synergies of US$350-400m from 2019.

The Korea Fair Trade Commission’s approval was the final step cleared in a regulatory approval process involving 23 jurisdictions.

Søren Skou, CEO of A.P. Moller – Maersk, said: “With the final approval of the acquisition we have reached an important milestone in our strategy to become an integrated transport and logistics company delivering sustainable growth.