Major Hapag-Lloyd shareholder rejects CMA CGM merger rumours

Hapag-Lloyd major shareholder Klaus-Michael Kühne has quashed rumours of a potential merger with rival CMA CGM, but confirmed the French carrier had been in contact.

Kühne, who along with his companies owns around 25% of Hapag-Lloyd, said a deal would not happen after Reuters reported that CMA CGM had made an exploratory approach.

Speaking to German radio station NDR, Kühne said: “It does not bother me, and there have been several attempts to get us talking.