Maersk purchase of Hamburg Süd gets final regulatory approval, one year on

Maersk has closed its acquisition of Hamburg Süd after it cleared the final regulatory approval with Korea’s Fair Trade Commission go-ahead.
The purchase had to gain regulatory approval in 23 jurisdictions, the Korean decision coming almost a year after the acquisition was announced.
Maersk Line will acquire Hamburg Süd for €3.7bn on a cash and debt-free basis, with the deal financed through a syndicated loan facility.
Chief executive of the Danish carrier Soren Skou said …

The post Maersk purchase of Hamburg Süd gets final regulatory approval, one year on appeared first on The Loadstar.

Source: The Loadstar

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