One of Hapag-Lloyd’s largest shareholders has brushed off an approach by CMA CGM for merger talks.
Any such deal could create the largest container shipping line in the world.
Alphaliner reports that, on the side lines of the company’s AGM in Hamburg yesterday, Hapag-Lloyd 21.4% shareholder Klaus Michael Kuehne confirmed the approach had been made.
Mr Kuehne began investing in the German carrier in 2008 as a “white knight”, purchasing shares from owner TUI to support the …
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Source: The Loadstar